The United Bank offers Murabaha Al Awal, an Islamic personal finance program that lets customers obtain financing to buy goods in line with Islamic Sharia, with a range of financing solutions suited to the needs of different customer segments.

Murabaha Al Awal offers financing of up to EGP 6 million with repayment terms of up to 15 years, along with flexible repayment options and a competitive profit rate. The bank offers a set of financing programs for employees, bank employees, self-employed professionals and business owners, subject to the conditions and documents required for each category.

Features of Murabaha Al Awal Islamic personal finance

  • Financing of up to EGP 6 million.

  • Repayment terms of up to 15 years.

  • Competitive profit rate.

  • Flexible repayment options.

  • A range of financing programs to meet customers' needs.

  • Financing available to various segments of individuals, including employees, self-employed professionals and business owners.

Personal finance for employees with a salary or installment transfer undertaking

  • Financing amount of up to EGP 5 million.

  • Financing term of up to 15 years.

  • Flexible repayment options.

  • Age from 21 to 60 years.

Personal finance for employees without a salary or installment transfer

  • Financing amount of up to EGP 3 million.

  • Financing term of up to 8 years.

  • Flexible repayment options.

  • Age from 21 to 60 years.

Personal finance for bank employees

  • Financing amount of up to EGP 6 million.

  • Financing term of up to 15 years.

  • Flexible repayment options.

  • Age from 21 to 60 years.

Documents required for employees

  • Copy of a valid national ID card.

  • Recent utility bill.

  • Recent, certified income certificate from the employer addressed to the bank, showing hiring date, grade, job title and monthly income.

  • Bank statement for the last 3 months proving the customer's income, or the last 3 payslips certified and stamped by the company's HR department.

  • Undertaking certified by the bank to transfer the salary or installment, if the salary or installment is transferred.

Documents for government employees

  • Monthly or annual salary breakdown certificate, bearing the eagle seal or the government entity's stamp.

Documents for private-sector employees

  • Certified letter from the employer showing job title, hiring date, contract type and salary breakdown.

  • Bank statement showing salary deposits for the last 3 months, or payslips for the last 3 months if a statement is not available.

Personal finance for self-employed professionals and business owners

The United Bank offers self-employed professionals and individual business owners personal finance of up to EGP 3 million, with a financing term of up to 6 years, for customers aged 25 to 65.

Financing details:

  • Financing amount of up to EGP 3 million.

  • Financing term of up to 6 years.

  • Age from 25 to 65 years.

Documents required for self-employed professionals and business owners

  • Copy of a valid national ID card.

  • Recent utility bill.

  • Bank statement for the last 6 months in the name of the customer or the company.

  • Copy of the tax card or a similar document issued no more than 3 months ago.

  • Recent commercial register extract, issued no more than 3 months ago, for commercial register holders.

  • Copy of the professional practice license and the premises license for self-employed professionals, after the original is reviewed.

  • Copy of the tax card showing the latest status.

  • Copy of the professional practice permit.

  • Bank statement in the name of the business or its owner, showing account activity for the last 12 months.