Banque Misr Accounts for Islamic Transaction

 

1.     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 customer without return, the customer may deposit or withdraw cash in the account whenever he wants with no duration limit in accordance with the Islamic Shariah.

 

2.     Investment account:

A deposit account to be opened in the name of the customer according to Islamic Shariah with flexible return paying options for individuals (monthly / quarterly / semi-annually/annually) and semi-annually for corporate automatically added to the customer's account where return is calculated on the basis of the lowest credit balance during the month according to the applicable tiers and according to bank achievements. Possibility of depositing or withdrawing cash in the account whenever you want 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.

 

Benefits of Current and Investment Accounts in both local and foreign currencies:                  

  • Account is available for both Individual clients and Corporate clients.
  • Minimum balance for opening the account for individuals is EGP 1500 and 200 units for foreign currencies
  • Minimum balance for opening the account for corporate is EGP 5000 or 1000 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
  • Perform and inquire about most of your banking transaction for free through the internet banking service and mobile banking application provided by Banque Misr
  • Perform and Inquire about some of your banking transactions for free through IVR service provided by Banque Misr.
  • Possibility to open a joint account
  • Possibility to issue Banque Misr certificates of deposit from your account in EGP and other foreign currencies and adding the Return 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


3.   Investment Saving accounts

Banque Misr investment Saving Accounts offer convenient way to earn return on your savings in local and different foreign currencies with flexible return 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 where 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 EGP 1500 and 200 units for foreign currencies
  • Perform and Inquire about most of your banking transactions for free through the internet banking service and mobile banking application provided by Banque Misr
  • Perform and inquire about some of your banking transactions for free through Interactive Voice Response (IVR) service provided by Banque Misr.
  • Possibility of opening the account for Egyptians living abroad
  • Possibility to open a joint account
  • Possibility to issue Banque Misr certificates of deposit from your account in EGP and other foreign currencies and adding the return 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 granting 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 return 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


4.   Hawalty account


Whether you receive money transfers in Egyptian pounds or various foreign currencies, Banque Misr has the right account for you



Banque Misr's Hawalty account (in Egyptian pounds) provides a practical way to add incoming remittances from abroad to the account with the possibility of issuing an immediate debit card on the account and cash disbursement or purchases using an instant debit card, along with other flexible options for using the account for online and mobile banking, while maintaining the freedom to withdraw money whenever you want.

 

  • The account is available to Egyptian and foreign individuals in all Banque Misr branches.
  • The account is in Egyptian pounds in all branches of the bank at the national level.
  • There is no minimum amount required to open the account.
  • Exemptions from account opening expenses and certain other expenses are applicable to other accounts.
  • You can receive incoming transfers from abroad in major foreign currencies without a maximum.
  • You can convert the incoming foreign currency at a special rate automatically in the account.
  • You can withdraw money from the account through ATMs using instant debit cards or from within the branch in case the amount exceeds the daily maximum limit for cash withdrawals from ATMs.
  • Ability to inquire about the account balance/ transfer from the account to other accounts within the bank, through the online banking service or the BM Online mobile application.

 

 

5.   Kenana Youth Saving Account


A new special account designed for customers between 16 to 35 years to offer them the ability to invest their money in accordance with the Islamic Shariah Regulations with a wide range of benefits.


Benefits of Kenana Youth Saving Account:


  • You can open the account without account opening fees.
  • The minimum amount for account opening and return calculation is EGP 500
  • Earn the highest declared return rates applied on the saving account with a maximum balance of EGP 20,000 and then declared return rates will be applied on extra amounts
  • Flexible choices of return payment frequency (monthly / quarterly / semi-annually / annually)
  • Possibility of issuing a debit card free of charge for the first year
  • Receive vouchers for a variety of merchants, restaurants and others or free mobile balance for any telecommunication company if your account reaches EGP 7000 or more for three consecutive months
  • Convenient access to your account 24/7, through our vast ATM network across Egypt
  • The account is available for customers starting at the age of 16 years to manage their accounts in issuing certificates of deposit or term deposits, or other various banking transactions
  • Perform and inquire about most of your banking transactions for free through the internet banking service and mobile banking application provided by Banque Misr
  • Perform and inquire about some of your banking transactions for free through the IVR service provided by Banque Misr by calling BM Call Center 19888.


Returns of  Islamic liabilities products In local and Foreign currencies click here

*Terms and conditions apply​