Banque Misr's Certificates for Islamic Transaction

 

  • The funds of such certificates are invested in Islamic projects in accordance with the Islamic Shariah, with Banque Misr acting as an authorized agent of investors in determination of investment fields and return on investment rate.
  • The client may obtain an interest free loan with his certificates as collateral.
  • Certificates can be bought for others, whether they are adults or under-age.
  • The return on investment may be withdrawn from the Islamic Transactions branches or regular branches

 

1.      The Quarterly-return Certificate

  • The certificates are nominal with 3-year terms, and renewable.
  • The certificate is issued in denominations starting at a figure of 500 Egyptian pounds or US dollars in addition to its increments.
  • The return is paid every 3 months, in the same currency of the certificate. The return is defined as pursuant to the business results shown by the financial positions of the Islamic Transactions branches.
  • The client can recover the value of certificate or obtain a loan as collateral

 

2.      The Monthly-return Certificate

  • The certificates are nominal with 5-year terms, and renewable.
  • The certificate is issued in denominations starting at a figure of 1000 Egyptian pounds or US dollars in addition to its increments.  
  • The client can recover the value of certificate after six months from the date of issuance.