Fourth-year saving certificate with variable return
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The period of the certificate is four years and it is renewed automatically unless the bank is notified otherwise before the date of its maturity, and when the customer requests in writing (non-renewal), the bank in this case will cancel it automatically at the end of its period and add its value to the customer's current account.
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Minimum purchase amount is EGP 1000 and its multiples.
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The right to purchase is guaranteed to Egyptians and other nationalities - natural individuals and legal persons, with no maximum limit.
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It is permissible to purchase in the names of minors without a maximum limit, and in the case of purchase on open accounts by a decision of the competent court, the approval of this court must be obtained for the purchase of certificates.
Three-year saving certificate with variable return
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The certificate duration is 3 years and it may be automatically renewed at the end of the term unless the customer asked not to be renewed in writing.
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Minimum purchase amount is EGP 1000 and its multiples.
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A quarter-year revenue is calculated on the proceeds of the actual business results in accordance with Islamic Sharia principles.
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Egyptian as well as other nationalities may buy such certificates without a maximum limit. Such certificates yield a higher return than that of the investment accounts.
Five-year saving certificate (Izdhar)
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The certificate is nominal and cannot be waived, sold or transferred to another person.
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The certificate duration is 5 years starting from the next day of purchasing date and it may be automatically renewed
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The certificate is issued in denomination of EGP 1000 and its multiples
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The certificate can be bought in the names of individuals (Egyptians and foreigners), legal persons and minors (wardship / guardianship) without a maximum limit.
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The return is floating and shall be paid to the customer under adjustment during the first week of the month following purchasing date, pending the actual results of the quarter and the spread shall be paid to the customer.
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Return will be calculated starting from the next day of purchasing date.
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The minimum period before which the certificate cannot be cancelled: 6 months of the purchasing date.
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The amount paid periodically is re-calculated based on rates of return on general investment account, less 0.5% annually and the spread will be deducted from value of the certificate.
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As for the return drawn under adjustment on a quarterly basis before actual results, it will be deducted from the amount paid to the customer pending the actual results at the end of the quarter, and the return on the amount paid shall be re-calculated and credited to the customer's account based on realized return on general investment account.
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The certificates are automatically renewed at the date of maturity. If the customer asked not to be renewed, the value of the certificate will be credited to the customer's current account in the Bank's branch.
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The certificate is nominal and is subject to the rulings of Islamic Sharia and it cannot be waived, sold or transferred to another person.
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Owners of the certificates can take part in draws of Hajj awards (every year) and draws of Umrah awards (twice a year). In addition, they can carry out investment transactions with the Bank guaranteed by these certificates and subject to the terms and conditions of the Bank.
Seven-year saving certificate with accumulative return (Namaa)
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The certificate is nominal and subject to the rulings of Islamic Sharia.
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The certificate duration is 3 years starting from the beginning of the month following the month of purchase.
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Minimum purchase amount is EGP 1000 and its multiples.
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Purchase of certificates with no maximum limit is available to Egyptians, Arabs and Foreigners, whether individuals or institutions.
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Return is calculated as from the month following the month of purchase. This return is not cashed but is re-invested with the principal till the end of the term. This, of course, increase the accumulative return calculated for the certificates.
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The financial resources of these certificates are directed to finance long-term investment projects of higher yields.
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Owners of these certificates may obtain 50% of accumulative return following the elapse of 4 years. The certificates, together with their profits may be redeemed after two years of the issuance date and prior to maturity redemption reference tables.
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The owners may apply to carry out investment transactions with the Bank, guaranteed by the certificates subject to the terms and conditions of the Bank.
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Owners of the certificate can join the drawing of lots for winning a free trip to Holy Mecca to perform Umrah at the Bank’s expense.
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Owner of the certificate are exempted for the first time from 50% of the fees of ATM and Visa electron card issuance. In addition, these certificates are exempted from all taxes set by the government.