Kuwait Finance House (KFH) Egypt's Tharwa dollar certificates are a good option for savers who want to invest in US dollars and earn a regular return, paid monthly or quarterly. The certificates come in 3- and 5-year tenors with a low minimum issue amount starting at USD 1,000, and customers can obtain financing secured by the certificate, giving them more flexibility in managing their dollar liquidity.

KFH Egypt's Tharwa dollar certificates

3-year Tharwa certificate

  • Profit rate and payout frequency:

    • Monthly: 4.5%

    • Quarterly: 4.6%

  • Tenor: 3 years

  • Minimum issue amount: USD 1,000

5-year Tharwa certificate

  • Profit rate and payout frequency:

    • Monthly: 4%

    • Quarterly: 4.1%

  • Tenor: 5 years

  • Minimum issue amount: USD 1,000

Worked example

If you save USD 150,000 in KFH Egypt's Tharwa dollar certificates, you will receive:

3-year Tharwa certificate, monthly payout

  • Annual return: 150,000 × 4.5% = USD 6,750

  • Monthly return: 6,750 ÷ 12 = USD 562.5

3-year Tharwa certificate, quarterly payout

  • Annual return: 150,000 × 4.6% = USD 6,900

  • Quarterly return: 6,900 ÷ 4 = USD 1,725

5-year Tharwa certificate, monthly payout

  • Annual return: 150,000 × 4% = USD 6,000

  • Monthly return: 6,000 ÷ 12 = USD 500

5-year Tharwa certificate, quarterly payout

  • Annual return: 150,000 × 4.1% = USD 6,150

  • Quarterly return: 6,150 ÷ 4 = USD 1,537.5

Features of KFH Egypt's Tharwa dollar certificate

  • A competitive expected annual return, credited monthly or quarterly (subject to final settlement)

  • Tenor of 3 or 5 years

  • Profit starts accruing the day after the certificate is purchased

  • Available to both individuals and companies.

  • Financing of up to 90% of the certificate's value.

Banky's view:

KFH Egypt's Tharwa dollar certificates combine a regular return with medium- to long-term stability, making them suitable for customers with dollar savings who want steady income without taking on high investment risk. The option to borrow against the certificate adds flexibility, especially for those who may need emergency cash during the investment period.