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 Return in Egyptian Pounds:
-
Islamic Certificate with Monthly Return
-
Islamic Certificate with Quarterly Return
-
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 return rate
-
Return is calculated the same day of purchase date
-
The certificate can be fully or partially redeemed after 6 months from issuance date
-
Possibility of granting secured facility against certificate of deposit in accordance with regulations and instructions issued by the bank
-
The return on investment may be withdrawn from any branch across Egypt
-
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 Return rate
-
Return is calculated the same day of purchase date
-
The certificate can be fully or partially redeemed after 6 months from issuance date
-
Possibility of granting secured facility against certificate of deposit in accordance with regulations and instructions issued by the bank
-
The return on investment may be withdrawn from any branch across Egypt
-
Islamic Certificate with Monthly Return in US Dollar (USD)
-
Islamic Certificate with Quarterly Return in US Dollar (USD)
Islamic Certificate with Monthly Return 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 Return rate
-
Return is calculated the same day of purchase date
-
The certificate can be fully or partially redeemed after 6 months from issuance date
Islamic Certificate with Quarterly Return 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 Return rate
-
Return is calculated the same day of purchase date
-
The certificate can be fully or partially redeemed after 6 months from issuance date
Distributed rates are published by The Committee for Determining Return Rates of Islamic Branches Products
Return rates of Islamic liabilities products In local and Foreign currencies click here
For more information, please call 19888 or visit the nearest branch of Banque Misr