Benefits
- The certificate is compatible with the principles of Islamic law
- Terms of 3 years
SUKUK AL-KHAIR IN USD CD
Individuals and corporatesMinimum of $5,000 USD
Product quick facts
- EligibilityIndividuals and Corporates
- CurrencyUS Dollar
- Minimum AmountUSD 5,000
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
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%