Taqwa Bank launches new schemes

Bhatkallys News | Dec 29 2016 BHATKAL -- Keeping abreast of developments where India is warming up to Islamic finance, the Bhatkal-based Taqwa Bank (Taqwa Credit Cooperative Society Ltd) launched six new Shariah compliant schemes for its customers. Addressing a press meet held here today, Dr. Sayeed Shingeri said, "The schemes offered are: Internet Banking and SMS Alerts Services; Bangalore Commercial & Residential Project; Taqwa Mutual Funds; Smart Cash Account; Fixed Deposit Account and Ghina Fixed Deposit Account (attached with Bumper prize 1 lakh to 50 lakh and 100 mini prizes yearly)." Elaborating on Taqwa mutual funds, he said, "Under this investment, Taqwa customers will be able to gain profit in the level of 15-30% per annum. It is a capital-based investment that attracts high profit associated with high risk available to Tawqa customers only. Taqwa will invest these funds on behalf of their customers in Halal (lawful) stocks or in companies where they may find the most exciting growth such as, Information & Technologies, Internet, Telecommunications, Pharmaceuticals, Real Estate companies, Gold Bullion Trading or in the traditional set-up of the stock market by tactfully identifying those companies which are Shari’a-compliant." Taqwa Banking is an interest-free banking model operated on Shari’a commercial terms to foster those communities who have fallen behind in the race of economic activities with the vision as “a viable Islamic financial solution for the benefit and good of society in India” and, with the mission “to build up a strong Islamic Bank for delivering valuable financial products and services to their valued customers. For more information, please log on to: http://www.taqwabanking.com/index.html