Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) lets customers invest in its floating-rate sukuk program in Egyptian pounds at an expected profit rate of up to 19.25% a year, with profits credited monthly. The program is one of the bank's sukuk offerings with competitive expected profit rates, subject to the product's mechanism and actual investment results.

The program gives customers the chance to invest in Egyptian pounds and benefit from a monthly profit payout, in accordance with the terms and conditions governing the product.

Features of the monthly-payout floating-rate sukuk

  • Expected profit rate: up to 19.25% a year, with profits credited monthly.

  • Indicative profit rate: up to 17% in the event of changes to the profit distribution mechanism.

  • Minimum subscription: EGP 100,000.

  • Investment multiples: the investment amount can be increased in multiples of EGP 1,000.

  • Payout frequency: monthly, depending on the type of sukuk chosen.

  • How profits are determined: according to the product terms and actual investment results.

  • Profit rate changes: linked to changes in the Central Bank of Egypt's overnight deposit rate, according to the product's mechanism.

  • Nature of the return: expected and indicative profit rates are not guaranteed and may change according to the profit distribution mechanism, investment results and product terms.

The offering reflects ADIB Egypt's commitment to providing a range of EGP investment solutions that give customers multiple investment options in line with the principles of Islamic banking.