Banque Misr's Certificates for Islamic Transaction in local and foreign currency

 

Banque Misr exclusively offers a bundle of Islamic Certificates of deposit with various advantages to meet all customers' needs in terms of tenor and value in both local and foreign currencies, 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. Certificates of deposit can be issued from Islamic branches across Egypt, or through both internet banking and mobile banking application.


 

First- Banque Misr Islamic Certificates of deposit with variable interest in Egyptian Pounds:

 

  • Islamic Certificate with Monthly Interest
  • Islamic Certificate with Quarterly Interest
  • Elkhyeer Certificate with (Monthly / Quarterly) Interest

 

Islamic Certificate with Monthly Interest

 

  • The certificate can be issued for individuals only
  • The certificate tenor is 5 years
  • Minimum purchasing amount is EGP 1000 and its multiples
  • Monthly Variable Interest rate
  • Interest is calculated the same day of purchase date
  • The certificate can be fully or partially redeemed after 6 months from issuance date
  • The client may obtain an interest free loan with his certificates as collateral If 6 months have not passed from the date of certificate issuance
  • The return on investment may be withdrawn from any branch across Egypt

 

Islamic Certificate with Quarterly Interest

 

  • The certificate can be issued for individuals only
  • The certificate tenor is 3 years
  • Minimum purchasing amount is EGP 500 and its multiples
  • Quarterly Variable Interest rate
  • Interest is calculated the same day of purchase date
  • The certificate can be fully or partially redeemed after 6 months from issuance date
  • The client may obtain an interest free loan with his certificates as collateral If 6 months have not passed from the date of certificate issuance
  • The return on investment may be withdrawn from any branch across Egypt

 

Elkhyeer Certificate with (Monthly / Quarterly) Interest

 

  • It is a nominal certificate issued upon the request of individual (the donor) and for the benefit of another individual (the gifted one) and based on his written acceptance in accordance with the terms of donation.
  • The certificate can be issued for individuals only
  • The certificate tenor is 10 years
  • Minimum purchasing amount is EGP 500 and its multiples
  • Monthly or Quarterly Variable Interest rate
  • Interest is calculated the same day of purchase date
  • The certificate can be fully or partially redeemed after 6 months from issuance date
  • The return on investment may be withdrawn from any branch across Egypt

 

Second- Banque Misr Islamic certificates of deposit with variable interest in foreign currencies:

 

  • Islamic Certificate with Monthly Interest in US Dollar (USD)
  • Islamic Certificate with Quarterly Interest in US Dollar (USD)

 

Islamic Certificate with Monthly Interest in US Dollar (USD)

 

  • The certificate can be issued for individuals or corporate customers
  • The certificate tenor is 5 years
  • Minimum purchasing amount is 1000 USD and its multiples
  • Monthly Variable interest rate
  • Interest is calculated the same day of purchase date
  • The certificate can be fully or partially redeemed after 6 months from issuance date
  • The client may obtain an interest free loan with the same currency of his certificates as collateral If 6 months have not passed from the date of certificate issuance

 

Islamic Certificate with Quarterly Interest in US Dollar (USD)

  • The certificate can be issued for individuals or corporate customers
  • The certificate tenor is 3 years
  • Minimum purchasing amount is 500 USD and its multiples
  • Quarterly Variable interest rate
  • Interest is calculated the same day of purchase date
  • The certificate can be fully or partially redeemed after 6 months from issuance date
  • The client may obtain an interest free loan with the same currency of his certificates as collateral If 6 months have not passed from the date of certificate issuance

 

Distributed rates are published by The Committee for Determining Interest Rates of Islamic Branches Products

Interest rates of Islamic liabilities products In local and Foreign currencies clickhere


 


 

*Terms and Conditions applied

For more information, please call 19888 or visit the nearest branch of Banque Misr

 

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