Overview

The certificate is compatible with the principles of Islamic law

Terms of 3 years

Eligibility

Individuals and corporates

Currency

USD

Minimum amount

Minimum of $5,000 USD

Interest structure

Competitive interest rate, for rates please enter here.

Redemption conditions

Skuk el Khair USD 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: Interest waiver

  During the second year: the discount rate of the annual return rate applied to the Sukuk Al-Khair certificate is 1.5%

  During the third year: the discount rate of the annual return rate applied to the sukuk al-khair certificate is 1%

Required Documents

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

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

* Other documents may be requested

* Terms and conditions apply