Minimum Balance Required Annual Return Features
ADIB - Mudaraba Investment Deposit 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