Minimum Balance Required Annual Return Features
ADIB - EGP Sukuk ADIB - EGP Sukuk Minimum Balance Required: EGP 0 Annual Return: 0% Features: Islamic Finance, Sharia Compliant, Islamic Banking, No Salary Transfer
Features:
  • Islamic Shari'a Compliant
  • Competitive expected profit rates
  • Eligibility for Islamic Murabaha against the certificate up to 95%
  • A possibility of profit withdrawal through ATMs 24/7
  • A possibility of Suk redemption after 6 months for 3 & 5 years Sukuk based on early redemption table
  • Short and medium-term liability product
  • Duration and currency: 3 years (LE), 5 years (LE)
Types of certificates:
  • 3 years: LE 1000 and their multiples
  • 5 years: LE 1000 and their multiples
Profit calculation based on Islamic shari'a guidelines:
  • 3 years EGP: monthly and quarterly
    Profit is calculated starting the first business day of the month following the purchase date and credited to customer's account by the first day of each month or quarterly
  • 5 years: monthly
    Profit is calculated starting the first business day of the month following the purchase date and credited to the customer's account by the first day of each month
Required Documents:
  • Account opening form
  • Copy of national ID or passport copy with a valid residence visa (for Non-Egyptians)
  • Recent utility bill
  • Sukuk application request
Eligibility:
  • Offered to Egyptians and foreign residents
  • Offered to minors under the guardianship of their parents
  • Offered to Enterprises