saib offers the Al Tayseer Islamic account in Egyptian pounds, which gives customers a competitive annual profit rate of up to 12%, paid daily and based on the account balance, along with a range of features suited to individuals and companies.

Details of the saib Al Tayseer Islamic Account

  • Eligibility: Available to individuals and companies.

  • Profit payout frequency: Daily.

  • Profit calculation starts: From the day after the deposit.

  • Minimum balance to earn profit: EGP 100,000.

Profit Rates on the saib Al Tayseer Islamic Account

The annual profit rate on the account varies by the customer's balance, as follows:

  • EGP 100,000 to less than EGP 1 million: 8% a year.

  • EGP 1 million to less than EGP 5 million: 9% a year.

  • EGP 5 million to less than EGP 10 million: 10% a year.

  • EGP 10 million to less than EGP 15 million: 11% a year.

  • EGP 15 million to less than EGP 30 million: 11.5% a year.

  • EGP 30 million and above: 12% a year.

Profit is paid daily according to the balance tiers set by the bank.

Documents Required to Open a saib Al Tayseer Islamic Account

saib requires the following documents to open the account:

  • A valid national ID card.

  • A recent utility bill, such as gas or electricity.

  • Proof of income, if the current occupation is not shown on the national ID card.