Ghina Fixed Deposit Account

Taqwa has prepared many schemes for benefit of the general public, Ghina Fixed Deposit A/c is also one of such schemes. “As Taqwa was founded with the basic intenon of transferring huge funds of the community kept in the interest-based banks to the interestfree banks, and also keeping in mind the atude and psyche of the public in this modern materialisc world, Taqwa has designed a scheme to aract them within the ambit of Shari'a wherein some lucky account holders are rewarded with extravagant prizes by drawing lots on a monthly basis and at the end of every fiscal year ending in December. This is a part of flexible business policy and aracve markeng strategy for business promoon.” At this point of me, Taqwa would like to make it clear that the addional feature added to Ghina Fixed Deposit scheme is related to right of ownership of the Taqwa. The explanaon of this point is that the 70% profit which is earned by Taqwa throughout the year based on Mudaraba (partnership) is its property, and for markeng purpose, Taqwa is disbursing the same to its Ghina Depositors only

• Minimum deposit is Rs. 10,000/- to be kept for a period of one year.
• 30% of the profit will be allowed.
• Certificate is issued.
• Raffle draw ticket is issued on every Rs. 10,000/- deposit.
• Winning prize will be worth over Rs 1,00,000/- to Rs 50,00,000/-.
• The final draw will be on 30th December every year.
• Monthly/quarterly prizes will also be distributed to the lucky winner
• Shari'a term is Mudaraba.