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Islamic Branch Accounts

Islamic Branch Accounts

If you are looking for an account that allows you to cash and write cheques without expecting any profit, then all you need is Suez Canal Bank’s Islamic branch account

Overview

Eligibility to open account:

  • Individuals (Egyptians and Foreign Residents).

  • Minors, in their names, under their legal guardian’s authority.

  • Corporates.

Suez Canal Bank has opened Dokki Islamic branch in 1983 rendering all its banking services in accordance with the Islamic Shari'ah in order to meet the needs of a range of customers.

The branch offers the following accounts:

Current Account

A current account according to Islamic Shari'ah with no return.

Check-book is available for this account.

Minimum EGP 1000.

Savings Account

Variable return on the account’s minimum monthly balance according to Islamic Shari'ah.

The return is paid every 3 months. For updated daily rates Click here.

Same day value for cash deposit.

Check-book is available for this account.

Minimum EGP 5000.

Investment Account

An investment account in its nature follows Islamic Shari'ah with a variable return on the account’s minimum monthly balance.

The return is paid every 3 months. For updated daily rates Click here.

Same day value for cash deposit.

Check-book is available for this account.

Minimum EGP 5000.

Donation Account "conditional"

The customer has the right to withdraw the donation any time.

The customer has the right to receive the account's return during his life.

The donation beneficiary has to accept the donation and its conditions.

Minimum EGP 5000.

Required Documents

For individuals

Copy of Valid National Identification for Egyptians or passport for Foreigners. Original document should be presented.

Copy of birth certificate for minors. Original should be presented.

Recent utility bill (electricity, telephone bill, ...etc).

For Corporate

Recent commercial register, tax card, official gazette, board resolution, articles of incorporation.

Copy of valid National Identification for authorized persons.

* Other documents may be requested.

* Terms and conditions apply.