Musharaka Finance (Partnership)

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