Banque Misr's Accounts for Islamic Transaction

  

Current Account


Current account: is an account on demand to be opened in the name of the client. The client may deposit or withdraw cash in the account whenever he wants with no duration limit.

 ​

  • Current accounts only guarantee securing  money , as well as the ease commercial transactions, as the investment option is not covered at this type of banking account.
  • Minimum balance for opening the account for individuals is EGP1500 or 200 equivalent in any foreign currency
  • Minimum balance for opening the account for  companies is EGP5000 or 100 equivalent in any foreign currency


Investment Account

Investment account: is a deposit account to be opened in the name of the client. The client may deposit or withdraw cash in the account whenever he wants with no duration limit.

  • The investment account offers the same advantages of the current account (account on demand), in addition to offering the option of issuing a checkbook for the account.
  • Periodical fees to be deducted for account statements. Correspondences could be kept at the bank according to the client’s request.
  • Minimum balance for opening the account for individuals is EGP1500 or 200 equivalent in any foreign currency
  • Minimum balance for opening the account for  companies is EGP5000 or 100 equivalent in any foreign currency
  • A 6-month return rate is automatically added to the customer's account on 30/6 and 31/12 each year. The returns are divided into tranches.


Saving Accounts

Saving accounts: nominal saving accounts, which are non-transferable and unredeemable, to be opened in the name of legal persons (whether Egyptians or foreigners).

  • Minimum balance for opening the account for individuals is EGP1500 or 200 equivalent in any foreign currency
  • A periodical return rate to be accrued upon the client’s request (monthly-quarterly-bi-annually-annually) to be divided into tranches.   
  • Periodical fees to be deducted for account statements. Correspondences could be kept at the bank according to the client’s request.



* Terms and conditions apply