Surrogate income for Owners of savings accounts "Time deposits - saving certificate"
Program specification
- Granted to customers (Employees – Self-employed – Freelancers) whose certificates/deposits in our bank.
- Maximum financing amounts up to 4,000,000 EGP
- Maximum tenor repayment up to 84 months.
- Competitive rate of return in accordance with the Murabaha contract and Islamic Sharia
- least administrative fees.
- Financing 100% of the value of the commodity/service to be financed.
- The minimum age is 21 years and the maximum is 65 years at the maturity date of the Murabaha
- Free Takaful insurance policy against the risks of death and total disability throughout the Murabaha period.
- The possibility of granting supplementary Murabaha according to the customer's DBR
- Availability of many digital services such as: Online Banking & BM Wallet.
- Under the supervision of the Sharia Board.
Required Documents
- Copy of a valid national ID.
- Recent utility bill.
- Copy of the valid tax card "only for Freelancers ".
- Copy of recent extract from the commercial registry "only for Self-employed ".
*Terms and conditions apply