Mudaraba
Overview
Eligibility to open account:
Individuals (Egyptians & Foreign Residents)
Minors, in their names, under their legal guardian’s authority
Currency
Egyptian Pound
Minimum Amount
EGP 2000,000
Interest Structure
Choose monthly, quarterly, semi-annual, or annual interest payment according to your personal needs
Interest is calculated on the accounts minimum monthly balance
Account terms are subject to change according to bank conditions
Benefits
Highest interest rate up to 12%
Easy cash or cheque deposit and withdrawal
Withdrawals from ATMs in Egypt are in EGP only
Quick local and overseas transfers
Convenient transaction monitoring via the following:
Printed account statement
E-statement sent to your email
Obtain a debit card that allows you to access your account for cash withdrawal from any ATM or for local/international purchases
Eligible to apply for Suez Canal Bank Credit Cards and E-Banking services
Required Documents
For individuals
Original & valid national identification for Egyptians
Original passport for foreigners, with a valid residency document
Original birth certificate for minors
Recent utility bill (electricity, telephone bill, …etc)
*Other documents may be requested