Deposits in EGP

An investment fund with funds certificate par value that offers both accumulative .

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Product quick facts

  • EligibilityIndividuals / Corporates
  • CurrencyEgyptian Pound (EGP)
  • Minimum AmountMinimum amount: 5,000 EGP

Benefits

  • The certificate is compatible with the principles of Islamic law
  • Skuk el Khair Certificate may be prematurely redeemed after the first 6 months, according to the redemption rules announced at SC Bank
  • From the 7th to the 12th month: the percentage discount from the annual interest rate applicable to the Sukuk Al-Khair certificate is 9.00%
  • During the second year: the discount rate of the annual return rate applied to the Sukuk Al-Khair certificate is 8.00%
  • During the third year: the discount rate of the annual return rate applied to the sukuk al-khair certificate is 7.00%

Required Documents

  • For existing customers, request issuance of Sukuk El khair in EGP certificate of deposit
  • For new clients, documents for account opening, in addition to a request for issuing Sukuk El khair in EGP certificate of deposit