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Commodity Finance
Taqwa's Commodity Finance scheme is to provide assistance to their customers who desire to own durable items such as; fridge, washing machine, electronic items etc. for their daily use.

Taqwa has prepared many schemes for benefit of the general public, Commodity Finance is also one of such schemes. Right from the day one of its commencement Taqwa is striving to fulfill the legimate needs of the people in an Islamic manner. Taqwa's Commodity Finance scheme is to provide assistance to their customers who desire to own durable items such as; fridge, washing machine, electronic items etc. for their daily use. As per the procedure of this scheme, the customer has to pay 30% of the amount in advance to purchase the item which he intends to own. And for the rest of the 70% amount, finance will be provided by Taqwa on the basis of 'Murabaha'. For the 70% amount which Taqwa has financed, it will collect a monthly profit of 1% on the basis of Murabaha. Besides that, a AFN500/- processing fee and AFN500/- documentaon fee will be collected from the customer. The tenure of the commodity finance will be one (1) year.
  • Financing term is 1 year.
  • Profit rate is branch cost + 5 %.
  • Down payment is 30%.
  • Processing fee is AFN 500/-.
  • Documentation fee is minimum AFN. 500/- max 1% of the value.
  • No hidden cost. All hidden benefits.
  • Shari'a term is Murabaha
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