The Agricultural Bank of Egypt (ABE) offers customers the Al Khair certificate, a 3-year savings certificate with a fixed periodic return for the full term. Customers can choose a monthly or annual payout, giving them a steady periodic income, subject to the applicable terms and conditions.

Al Khair certificate details

  • Tenor: 3 years.

  • Interest rate: 17.75% a year with monthly payout, and 18% a year with annual payout.

  • Payout frequency: monthly or annual, as chosen by the customer.

  • Minimum purchase: EGP 1,000 and multiples thereof.

  • Interest start date: interest starts accruing from the business day following the certificate's purchase date.

  • Early redemption: the certificate can be redeemed 6 months after its purchase date, subject to the terms and conditions.

  • Borrowing against the certificate: the bank allows customers to borrow against the certificate, subject to the terms and conditions.

  • Linked account: a savings account or current account is opened, at the customer's request, to receive the periodic interest.

Required documents

  • A copy of a valid national ID card.

How to get the certificate

  • Customers can apply for the Al Khair certificate at any Agricultural Bank of Egypt branch across the country's governorates.