Taqwa Mutual Fund

Taqwa has prepared many schemes for benefit of the general public, Taqwa Mutual Fund is also one of such schemes. This scheme is designed only for the members of Taqwa. For those people who intend to invest their amount in Islamic manner, Taqwa provide a facility for them to invest a sum of minimum ₹ 50,000/- in Taqwa Mutual Fund for a period of one (1) year. The net profit earned on this fund will be alloed to the customer, which is esmated as 0% to 2% of the customer's amount per month. On the basis of Mudaraba if there is a loss, then the current loss will be merged with future profit and the capital investment will be secured. As per the Shari'a principle in case of Mudaraba, the customer shall be a partner in the profit and the loss as well. But whenever there is loss, oen the customer doesn't accept that situaon, so, as expediency Taqwa has adopted this proposal. Aer the investment up to six (6) months the amount cannot be withdrawn, nevertheless customer can avail temporary finance facility from Taqwa on the basis of his investment. In case any customer wishes to withdraw his amount then he should inmate Taqwa prior to 60 days in wring.

• Expected profit rates are 0% - 6% on Rs. 10,000/- to Rs. 1,00,000/-
• Expected profit rates are 0% - 7% on Rs. 1,00,000/- to Rs. 5,00,000/-.
• Expected profit rates are 0% - 8% on Rs. 5,00,000/- and above.
• Taqwa will revert back to customer if profit rate is to be revised.
• Certificate is issued.
• Shari'a term is Wakala.