| Minimum Balance Required | Annual Return | Features | |
|---|---|---|---|
ADIB - Mudaraba Investment Deposit
|
Minimum Balance Required: EGP 3,000 | Annual Return: 0% | Features: Islamic Finance, Sharia Compliant, Multiple Currencies, Islamic Banking, No Salary Transfer |
Features:
- Islamic Shari’a Compliant
- Competitive expected profit rates
- A possibility of profit withdrawal through ATMs 24/7
- A possibility of redemption based on early redemption table
- Short term liability product
- Duration: 1 month / 2 months / 3 months / 6 months / 12 months
- Currency: EGP / USD / EUR / GBP / SAR
- Profit is calculated based on the actual number of days depending on deposit duration
Types of Mudarabat
- Minimum balance in Local currency: EGP 3,000
- Minimum Balance in Foreign currency: USD 1,000, EUR 1,000, GBP 1,000, SAR 1,000
Required Documents:
- Account Opening Form
- Mudaraba Application request
- Wekala Investment Agreement
- Copy of national ID or passport copy with a valid residence visa for (for Non-Egyptians)
- Recent utility bill
- Proof of business
- Evidence of residence (utility bill) in case of it’s different from the national ID
Eligibility:
- Offered to both Individuals and Non-Individuals
- Offered to Egyptians and foreign residents
- Offered to minors under the guardianship of their parents
