Egyptian pound deposit certificates
The EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with a low minimum investment and flexible maturity options. However, the maximum advertised return of 11.75% may make other higher-yielding products more attractive for customers primarily focused on maximizing returns.
- Rate
- 8.75% – 11.75%
- Term
- 1 yr
- Min. deposit
- EGP 2,000
Returns
- Rate type
- Fixed
- Payout
- Multiple
Amount & term
- Deposit type
- Islamic Investment
- Term
- 12 Months
- Min deposit
- EGP 2,000
- 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
- Low minimum investment: The minimum investment starts at EGP 2,000, making the product accessible to a wide range of customers.
- Wakala-based structure: The deposit is structured under the Wakala investment model, in line with the nature of Islamic banking products.
Cons
- Payment frequency depends on the term: Customers may not be able to freely select any payment frequency for every maturity, as return payment options depend on the applicable terms and tiers.
- Lower return on very short terms: The one-week option offers a return of 8.75%, which is lower than the rates available for some longer terms.
Our take
The EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with a low minimum investment and flexible maturity options. However, the maximum advertised return of 11.75% may make other higher-yielding products more attractive for customers primarily focused on maximizing returns.
The EGP Wakala Investment Deposits are suitable for individuals and companies seeking a Sharia-compliant investment with a low minimum investment and flexible maturity options. However, the maximum advertised return of 11.75% may make other higher-yielding products more attractive for customers primarily focused on maximizing returns.
Compare
| Egyptian pound deposit certificates SUEZ CANAL BANK This one | Variable deposit certificates SUEZ CANAL BANK |
|---|---|
| Rate | |
| 8.75% – 11.75% | 10.88% – 15.38% |
| Term | |
| 1 yr | Flexible |
| Min. deposit | |
| EGP 2,000 | EGP 1,000 |
Added Wednesday 19 August 2026 - 03:33 PM Updated Wednesday 19 August 2026 - 03:42 PM