Benefits

WHAT DO I NEED? Account opening form Copy of national ID or passport copy with a valid residence visa (for Non Egyptians) Recent utility bill Sukuk application request

• Islamic Shari'a Compliant
• Competitive profit rates
• Eligibility for Islamic Murabaha against the certificate up to 90%
• Possibility of profit withdrawal through ATMs 24/7
• Possibility of Suk redemption at any time for 1 year sukuk and redemption after 6 months for 3 & 5 years Sukuk based on early redemption table

Eligibility:

• Offered to Egyptians and foreign residents
• Offered to minors under the guardianship of their parents
• Offered to Enterprises (1 year Sukuk only)

Features:

• Short and medium-term liability product

Duration and currency:

• 1 year (LE)
• 3 years (LE)
• 5 years (LE)

Types of certificates:

• 1 year: LE 1000 and their multiples
• 3 years : LE 1000 and their multiples
• 5 years: LE 1000 and their multiples

Profit calculation based on Islamic Shari'a guidelines:

• 1 year: monthly and at maturity
  Profit is calculated by next business day of the sukuk issuance date and credited to the customer's account by first day of each month or at maturity
• 3 years EGP: monthly and quarterly
  Profit is calculated starting first business day of the month following the purchase date and credited to customer's account by first day of each month or quarterly
• 5 years: monthly
  Profit is calculated starting first business day of the month following the purchase date and credited to the customer's account by first day of each month