teqwah.
TGC/USD 157.23 ▲ 4.82%TGC/USD 157.23 ▲ 4.82%

TGC · Teqwah Gold Capital

One token. One pool. One price.

TGC is a direct pro-rata share of the pool's Net Asset Value — physical bullion, heavy machinery, land positions and working capital. It is not pegged to the gold spot price. As the pool earns, the treasury grows while the token count stays fixed, so each token appreciates.

Teqwah Unified Capital Pool · Mudarabah Fund I

Priced at last audited NAV

Pool NAV

$1,551,400

Bullion, plant, land and cash

TGC in circulation

9,867

Fixed within the cycle

Price per TGC

$157.23

NAV ÷ tokens in circulation

Change since issue

+4.82%

Issued at $150.00

New capital mints new tokens at the price ruling that day, so a deposit never dilutes an existing holder and contributed capital is never reported as profit. Only realised profit moves the price — in either direction.

The mechanism

Price is arithmetic, not a promise.

NAV divided by supply

Every TGC is the pool's Net Asset Value divided by the tokens in circulation. Nothing is fixed to the gold spot price; the token tracks the whole treasury.

Profit lifts the price

Net profit is split 70% to participants and 30% to Teqwah as Mudarib. The investor share is added to NAV while supply stays fixed, so the price per token rises.

Loss moves it the same way

A weak cycle reduces NAV and the token price falls with it. That symmetry is what makes it genuine Mudarabah equity rather than a disguised fixed return.

Worked example — illustration only

One cycle, step by step.

The figures below are a teaching illustration using round numbers, not the live pool and not a projection of results. Live figures sit in the panel above.

Step 1

Initial deposit and issuance

Treasury vault value
$4,454,300
Equivalent physical gold
1484.77 oz at $3,000/oz
TGC minted
29,695 TGC
Starting price per TGC
$150.00

Step 2

Operational cycle and profit generation

Net extracted gold profit
100 oz (after operating costs, landowner cut and fuel)
Value of profit generated
$300,000
Investor share (70%) added to NAV
$210,000
Teqwah as Mudarib (30%) paid out
$90,000

Step 3

Value growth with no dilution

New investor pool NAV
$4,664,300
Circulating supply
29,695 TGC — unchanged
New price per TGC
$150.00 → $157.07

Each holder's share rose in value without a single distribution transaction on-chain. No tokens were minted, nothing was airdropped, and the ledger did not change hands.

Design decision

One NAV token, not a gold-pegged pair.

An earlier design paired a gold-pegged token with a separate profit token. It has been retired. A single NAV-driven capital share is cleaner on all three tests that matter.

Test
Single NAV token (TGC)
Retired dual-token model
Shariah compliance
Fully compliant — the token reflects the true Mudarabah NAV, appreciating or falling with real production.
Risk of gharar where gold backing is not audited in real time.
On-chain efficiency
Low cost — the price scales off vault oracle audits, with no per-cycle distribution transactions.
High cost — minting and distributing tokens every single cycle.
Investor clarity
Simple: you own a share of the pool, and your share price moved.
Complex: gold-pegged tokens held alongside separate profit tokens.

TGC is the record of participation — it is not tradable yet.

Your participation is recorded and priced as TGC today. On-chain issuance and transfer between verified participants follow the final funding round. Teqwah is not conducting a token sale, pre-sale, airdrop or exchange listing, and any party claiming to sell TGC is not acting for us.

Sequence

Five phases, in order.

  1. Phase 01

    Venture build-out

    In progress

    Concessions acquired, excavator fleet expanded, gold desk throughput scaled and the first African property holdings brought under management. Every asset acquired enters the pool's Net Asset Value.

  2. Phase 02

    TGC ledger of record

    In progress

    Each participation is recorded as a TGC balance minted at the price ruling on the day of confirmation. One statement, one number, one price — no separate venture certificates.

  3. Phase 03

    Independent NAV audit cycle

    In progress

    Bullion, machinery, land positions and working cash are valued at the close of each cycle. The audited NAV is what sets the TGC price — nothing is marked by estimate.

  4. Phase 04

    On-chain issuance

    Planned

    The TGC ledger moves on-chain against the same underlying assets. Price continues to scale off the vault oracle audit, so no minting or distribution transaction is needed each cycle.

  5. Phase 05

    Permitted secondary transfer

    Planned

    Transfer between verified participants in the jurisdictions where Teqwah is permitted to facilitate it, subject to identity checks and holding-period rules. TGC is not tradable on any market before this phase.

Hold a share of the pool from $150.

Your deposit mints TGC at today's price of $157.23, and your dashboard shows the tokens, the price and the value from then on.

Open an account Model a cycle