SUKUK AL-KHAIR IN EGP, CERTIFICATE OF DEPOSIT (IN FORM OF WEKALA INVESTMENT)

Overview

The certificate is compatible with the principles of Islamic law

Terms of 3 years

Eligibility

Individuals

Currency

EGP

Minimum amount

Minimum of 10,000 EGP

Interest rate structure

Competitive interest rate, for rates please enter here.

Redemption conditions

Skuk el Khair Certificate may be prematurely redeemed after the first 6 months, according to the redemption rules announced at SC Bank

Interest rate recalculated as per the percentage of deducting from annual interest rate, which applied on the certificate according the following:

  From the 7th to the 12th month: the percentage discount from the annual interest rate applicable to the Sukuk Al-Khair certificate is 6%

  During the second year: the discount rate of the annual return rate applied to the Sukuk Al-Khair certificate is 5%

  During the third year: the discount rate of the annual return rate applied to the sukuk al-khair certificate is 4.75%

Required Documents

For existing customers, request issuance of Sukuk El khair in EGP certificate of deposit

For new clients, documents for account opening, in addition to a request for issuing Sukuk El khair in EGP certificate of deposit


* Other documents may be requested

* Terms and conditions apply