Open Account

Fixed Deposit Account

As per the procedure of this scheme, a sum of minimum ₹ 10,000/- must be deposited in the Fixed Deposit A/c for a term of (1) one year.

Taqwa has prepared many schemes for benefit of the general public, Fixed Deposit A/c is also one of such schemes. As per the procedure of this scheme, a sum of minimum ₹ 10,000/- must be deposited in the Fixed Deposit A/c for a term of (1) one year. Taqwa will deploy this amount for financing based on different principles of Shari'a like Murabaha, Wakala and Ijara to earn the profit of which 70% of the profit earned will be paid to the depositor and rest of 30% profit will be disbursed to the shareholders (Taqwa).

  • Minimum Deposit is Rs. 10,000/- for one year.
  • 70% of the profit will be allowed.
  • Certificate is issued.
  • Shari'a term is Mudaraba.
  • After completion of one year the deposited amount may be withdrawn at any me or it can also be renewed.
  • If someone wishes to withdraw his deposit before the spulated term, he/she may do so, but he/she will not be entled to get the profit for the current month.
  • A Cerficate will be issued wherein the details of the amount deposited will be menoned.

Contact Us

To raise any complaint or suggestion, please contact the specialized complaints unit at Taqwa through any of the following channels

location_on 38-A, Nagappa Nayak Road, NH66, Bhatkal (N.K)-581320, Karnataka, India

mail contact@itaqwa.com

phone_in_talk +91-8385450000 OR +91-9380115722