• The certificate tenor is 4 years and it can be automatically renewed unless otherwise notified by the customer before its maturity date. If the customer asked not to be renewed in writing, the Bank would automatically cancel the certificate at the end of its duration and the certificate amount can be credited to the customer’s current account. In case of credit facilities granted to the customer by using this certificate as collateral, the certificate shall be automatically renewed.
• The certificate is issued in denominations of 1,000 EGP and its multiples. The interest is calculated starting from the day following the purchase.
• The certificate can be purchased by individuals or corporates (Egyptians and foreigners) without a maximum limit.
• The certificate can be purchased in the names of minors without a maximum limit. In case of purchasing the certificates through accounts opened by a decision of a competent court, approval for such purchases shall be obtained from this court.
• Quarterly returns are calculated based on actual business results.
• The certificate allows for early redemption after a minimum of 6 months from the date of purchase without any deductions from the certificate's value.

Terms and Conditions