SUKUK AL-KHAIR IN USD CD

The certificate is compatible with the principles of Islamic law Terms of 3 years

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Product quick facts

  • EligibilityIndividuals
  • CurrencyUSD
  • Minimum Amount5,000 USD

Profit Rates

The amount, Interest rate
The amountInterest rate
One thousand Dollars and its multiples (with a minimum of 5,000 USD)4.50% annually and paid monthly

Redemption conditions

  • Skuk el Khair USD 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: Interest waiver
  • During the second year: the discount rate of the annual return rate applied to the Sukuk Al-Khair certificate is 1.5%
  • During the third year: the discount rate of the annual return rate applied to the sukuk al-khair certificate is 1%

Required Documents

  • For existing customers, request issuance of Sukuk El khair in USD certificate of deposit
  • For new clients, documents for account opening, in addition to a request for issuing Sukuk El khair in USD certificate of deposit
  • * Other documents may be requested