Variable deposit certificates
The Variable EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with flexible maturity periods and return payment options. The product offers a wide range of maturities, starting from one week up to one year, with returns payable monthly, quarterly, semi-annually, or annually. Return rates increase according to the deposit amount and maturity period, reaching 15.38% annually for deposits exceeding EGP 10 million with a one-year term.
- Rate
- 10.88% – 15.38%
- Term
- Flexible
- Min. deposit
- EGP 1,000
Returns
- Rate type
- Fixed
- Payout
- Multiple
Amount & term
- Deposit type
- Islamic Investment
- Term
- 1 Years
- Min deposit
- EGP 1,000
- Negotiable
- No
Withdrawal & renewal
- Early withdrawal
- No
- Auto-renew
- Yes
- Renewal rate type
- Prevailing
- Usable as collateral
- No
- Available online
- Yes
- Branch visit required
- No
Do the maths
Our take
Pros
- Flexible investment terms: Customers can choose from maturities ranging from one week to one year
- Flexible return payment options: Returns can be paid monthly, quarterly, semi-annually, or annually, depending on the applicable terms.
Cons
- Tier-based returns: The applicable return varies according to the deposit amount and maturity period.
- High balance required for the highest return: Customers need to maintain more than EGP 10 million for one year to receive the maximum annual rate of 15.38%.
Our take
The Variable EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with flexible maturity periods and return payment options. The product offers a wide range of maturities, starting from one week up to one year, with returns payable monthly, quarterly, semi-annually, or annually. Return rates increase according to the deposit amount and maturity period, reaching 15.38% annually for deposits exceeding EGP 10 million with a one-year term. The product is particularly suitable for customers seeking flexibility in investment duration and return payments, while customers looking for a fixed and predictable return may prefer fixed-rate certificates or deposits.
The Variable EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with flexible maturity periods and return payment options. The product offers a wide range of maturities, starting from one week up to one year, with returns payable monthly, quarterly, semi-annually, or annually. Return rates increase according to the deposit amount and maturity period, reaching 15.38% annually for deposits exceeding EGP 10 million with a one-year term.
Compare
| Variable deposit certificates SUEZ CANAL BANK This one | Egyptian pound deposit certificates SUEZ CANAL BANK |
|---|---|
| Rate | |
| 10.88% – 15.38% | 8.75% – 11.75% |
| Term | |
| Flexible | 1 yr |
| Min. deposit | |
| EGP 1,000 | EGP 2,000 |
Added Wednesday 19 August 2026 - 02:54 PM Updated Wednesday 19 August 2026 - 03:42 PM