Physical Gold Participation Account

  • Your gold belongings are deposited into your account after their value in 24 carats are calculated
  • Minimum balance requirement is 10 grams
  • Maturity options are 3,6 and 12 months
  • You cannot deposit any gold to this account after the opening date and profit is deposited to current account at maturity
  • You can sell your gold back to the bank provided that the minimum balance stays at 10 grams. You receive profit based on your balance at maturity.
  • This account has 95/5 profit distribution rate
  • The tax is at 15% of profit and is deducted when the account receives profit