Growing Value Together — Gulshan Farms’ Investment Track Record (2022–Present)

Updated July 2026

Since our first investment opportunity in 2022, Gulshan Farms has run three distinct investment structures — the Cow Investment, the Heifer Project, and a Silage pilot — each built on the same halal, transparent principle: investors’ capital is protected, profit is shared fairly, and every result is reported openly. Here is the complete picture of how those projects have performed, in one place.

Key financial metrics

Combined totals across the Cow Investment, Heifer Project and Silage pilot, 2022 to present.

Figures reflect historical performance of closed and ongoing projects and are recorded up to July 2026 unless stated otherwise. Past performance is not a guarantee of future returns.

What “Growing Value Together” Means

Every Gulshan Farms investment structure — regardless of the project — is built around the same handful of principles, rooted in Islamic finance and applied consistently since our first opportunity in 2022:

• Halal structure. Investments are structured as mudaraba — a partnership where one party provides capital and the other provides expertise and labour, with profit shared on an agreed ratio and loss (where it occurs) borne by the capital provider, never as interest-bearing debt.
• Capital protected. In every project to date, investors have received their full initial capital back at the end of the agreed term, on top of any profit share received along the way.
• Transparent reporting. Returns, timelines and outcomes are reported openly — including for projects that are still running, not only the ones that have finished.
• Professional management. Gulshan Farms handles every operational detail — importing and caring for the animals, managing the land, and marketing the output — so investors do not need any farming background themselves.

Cow Investment — Our First Opportunity

Launched in 2022, this was Gulshan Farms’ very first investment opportunity, and the model every later project has built on. Each investor entered a mudaraba contract: Gulshan Farms imported dairy cattle from Australia, managed and cared for the animals, and sold the milk they produced. Profit from milk sales was split 50/50 between the investor and the farm. At the end of the investment term — three or four years, depending on the individual agreement — the animal itself was sold, and that sale returned the investor’s original capital in full.

Heifer Project

Running from January 2024 to January 2027, the Heifer Project scaled up the same principle: Gulshan Farms purchased a large number of heifers from Australia and bred them locally in Pakistan. At the end of the term, the animals are sold for profit. Investors receive a return of between 15% and 20% based on the size of their investment, with payouts distributed twice a year rather than in one lump sum at the end.

Gulshan Farms dairy facility in Kasur, Pakistan

Silage Pilot Project

Running as a pilot from October 2025 to May 2026, this project took a different shape: rather than owning animals, investors pooled funds to procure and produce silage, which was then sold during the seasonal shortage window for a profit. It was the shortest of the three structures — six months from close to full return — and the pilot’s results have informed how Gulshan Silage and Forage, our now-permanent commercial silage operation, is being scaled up.

The Bigger Picture: Where Gulshan Farms Is Headed

This track record sits within a much larger plan. Gulshan Farms currently manages approximately 500 pedigree cattle, all imported from Australia with registered genetic lineage. Our target is to grow the herd to 2,000 animals — 1,000 of them milking — by 2030/31, at which point surplus herd will be sold into the wider Pakistani market. Every project on this page has been a building block toward that goal, and every one has returned investors’ capital in full alongside a profit share.

Gulshan Farms operates on a shareholding model of 25,000 floating shares, of which 70% have been sold to date. The remaining shares are available to UK-based investors looking for an ethical, asset-backed way to support a growing halal dairy operation with an established, transparent track record behind it.