Taqwa has prepared many schemes for benefit of the general public, Gold Purchase Finance is also one of such schemes. This scheme is designed for those people who intend to buy new and latest type of jewelry without selling their old gold ornaments or gold. Taqwa will provide them a facility to keep their gold jewelry or gold arcles in safe keeping as security and avail a finance equivalent to 70% of its value for the purchase of new gold ornaments on the basis of 'Murabaha' and a monthly 1% profit will be collected on the amount of finance from the customer. Besides that, a processing fee of AFN500/- and documentaon fee of AFN500/- will be charged. The term of this Gold Purchase Finance will be for one year or as applicable period.
- 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.
