Kuwait Finance House – Egypt offers the 3-year "Al Nokhba" floating-rate certificate, with an expected floating profit rate of up to 19.50% paid daily or 19.75% paid monthly, at the customer's choice. Customers can also obtain financing secured by the certificate of up to 95% of its value.

Al Nokhba floating-rate certificate from Kuwait Finance House – Egypt: key details

  • Tenor: 3 years.

  • Expected profit rate: up to 19.50% with daily payout, or 19.75% with monthly payout.

  • Minimum purchase: EGP 50,000.

  • Denomination: EGP 10,000.

  • Profit accrual: starts the day after the certificate is issued.

  • Early redemption: allowed 6 months after the issue date, subject to a redemption penalty per the bank's fee schedule.

  • Financing secured by the certificate: up to 95% of the certificate's value.

  • Eligibility: individuals only.

Advantages of the Al Nokhba floating-rate certificate from Kuwait Finance House – Egypt

  • Floating profit rate: the certificate earns a floating profit rate based on the rate approved by the bank.

  • Flexible payout frequency: choose daily or monthly profit payout, depending on the certificate type.

  • Access to financing: customers can obtain financing secured by the certificate of up to 95% of its value, subject to the bank's terms.

  • 3-year savings term: the certificate lets you invest your savings over a medium-term horizon.

  • Quick start to profit: profit starts accruing the day after the certificate is issued.

Banky's view

The Al Nokhba floating-rate certificate from Kuwait Finance House – Egypt gives customers the chance to invest their savings for 3 years, with a flexible profit payout frequency and the option of financing secured by the certificate.

The certificate suits customers looking for regular income from their savings. Bear in mind that the profit rate is floating, and check the approved rate and the financing and redemption terms before you buy.