Gold Saving Account

Taqwa has prepared many schemes for benefit of the general public, Gold Saving A/c is also one of such schemes. This scheme is meant for those who wish to step by step acquire or save the gold in small quanty as per their convenience. And aer deposing a large quantum they can take it in the form of jewelry or get cash amount equal to value of the gold. Under the scheme the customer shall necessarily purchase minimum one (1) gram of gold. Further this scheme is an alternave for those who avail loan by mortgaging the gold. Such people can instead of mortgaging may sell out the gold for their immediate needs and with the amount or number of installments to be paid, they can purchase the gold again according to their convenience. When a large amount of gold is deposited, they can buy the jewelry of latest designs available in the market. And for that purpose, it will not be necessary for them to pay any addional amount in the form of profit. In this scheme the role of Taqwa will be of a broker and for every transacon Taqwa will collect 0% to 3% brokerage fee from the customer.

• Minimum 1 gram to be purchased and saved
• Sale of gold in grams and transfer of gold in grams are allowed.
• Passbook is issued.
• Shari'a term is Wakala
• According to own convenience gold can be purchased. When the rate is cheaper buying the gold and when the rate goes high then sell it to make profit.
• The gold deposited can be converted into latest ornaments also.
• The deposited gold can be withdrawn or transferred at any point of me
• Passbook is issued which will contain details of purchase and sale of gold.