Banque Misr Accounts for Islamic Transaction

 

Current account:

 

With Banque Misr current account, you can enjoy the flexibility of withdrawing and depositing your money. You can also perform your daily banking transactions and get all your basic banking needs. An account on demand to be opened in the name of the client without interest, the client may deposit or withdraw cash in the account whenever he wants with no duration limit in accordance with the Islamic Shariah.


 

 

Investment account:

 

A deposit account to be opened in the name of the client according to Islamic Shariah with flexible interest paying options (monthly / quarterly / semi-annually) automatically added to the customer's account, return is calculated on the basis of the lowest credit balance during the month according to the applicable tiers and according to bank achievements. Client may deposit or withdraw cash in the account whenever he wants with no duration limit you can also apply for a secured facility against investment account in accordance with regulations and instructions issued by the bank. Funds of such accounts 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 and in accordance with Mudaraba contract.

 

Common Benefits of Current Accounts in both local and foreign currencies:    ​             ​

  • Accounts are available for both Individuals and Corporate
  • Minimum balance for opening the account for individuals is 1500 EGP and 200 units for foreign currencies
  • Minimum balance for opening the account for corporate is 5000 EGP or 100 units for any foreign currency
  • Possibility of opening the account for Egyptians living abroad
  • Perform all of your banking transactions through Banque Misr branches across Egypt
  • Cheque books issuance to facilitate your banking transactions
  • Inquire and perform about most of your banking transaction for free through the internet banking service and mobile banking application provided by Banque Misr
  • Possibility to open a joint account
  • Possibility to issue Banque Misr Islamic certificates of deposit from your account in EGP and other foreign currencies and adding the interest on maturity

 

In addition to other benefits of Current Account in local currency that fulfill all your needs:

  • Possibility of issuing Debit card
  • Convenient access to your account 24/7, through our vast ATM network across Egypt
  • Payment for different commitments from the account on your behalf upon your standing instructions
  • Salary and pension can be transferred to the account from entities upon your request

 

Saving accounts for Islamic Transaction

 

Banque Misr Saving Accounts offer convenient way to earn interest on your savings in local and different foreign currencies with flexible interest paying options according to Islamic Sharia, while maintaining your ability to withdraw and transfer money and get all your main banking needs whenever you want, the funds of such accounts 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 and in accordance with Mudaraba contract.

 

Benefits of Saving Accounts in both local and foreign currencies: 

  • Accounts are available for Individuals only
  • Minimum balance for opening the account for individuals is 1500 EGP and 200 units for foreign currencies
  • Inquire and perform about most of your banking transaction for free through the internet banking service and mobile banking application provided by Banque Misr
  • Possibility of opening the account for Egyptians living abroad
  • Possibility to open a joint account
  • Possibility to issue Banque Misr Islamic certificates of deposit from your account in EGP and other foreign currencies and adding the interest on maturity
  • Perform all of your banking transactions through Banque Misr branches across Egypt
  • Return on amount deposited in saving accounts is calculated on the basis of the lowest credit balance during the month according to the applicable tiers
  • Possibility of secured facility against saving account in accordance with regulations and instructions issued by the bank

 

In addition to other benefits of Saving Account in local currency that fulfill all your needs:

  • Flexible choices of interest payment frequency (monthly / quarterly / semi-annually / annually)
  • Possibility of issuing Debit card
  • Convenient access to your account 24/7, through our vast ATM network across Egypt
  • Possibility for issuing Credit card against saving account
  • Payment for different commitments from the account on your behalf upon your standing instructions
  • Salary and pension can be transferred to the account from entities upon your request

 

Interest rates of Islamic liabilities products In local and Foreign currencies click here

 

*Terms and conditions apply​