Seven-year Saving Certificate (Namaa) — Faisal Islamic Bank-Egypt | Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Islamic

Seven-year Saving Certificate (Namaa)

Faisal Islamic Bank-Egypt · Certificates · Islamic · Egyptian Pound · 3.5 · Monday 24 August 2026 - 12:06 PM

A seven-year savings certificate with a cumulative reinvested return, early redemption after two years, financing against the certificate, and eligibility for the Umrah draw

Total expected profit · At maturity
137.97%
Over 7 yrs · avg. 19.71% a year · Redeems 237.97%
Term
7 yrs
Min. deposit
EGP 1,000
Payout
At maturity

Returns

Yield type
Floating
Payout
At Maturity
Yield by payout
At maturity
Rate tiers
  1. ≥ EGP 1,000 Year 7
    19.71%

Amount & term

Term
7 yrs
Min deposit
EGP 1,000

Withdrawal & renewal

Early withdrawal
Yes
Auto-renew
No
Renewal term
Flexible
Available online
Yes
Branch visit required
Yes
National ID required
Yes

Do the maths

Seven-year Saving Certificate (Namaa)

Compute the total return and profit on a savings certificate, by payout.

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Our take 3.5

3.5 Banky rating

Pros

  • Certificate holders are eligible to participate in the bank’s Umrah draw, held twice a year, provided that the certificate balance is at least EGP 5,000.
  • apply to participate in investment transactions with the bank against the certificate as collateral.

Cons

  • The return is calculated from the beginning of the month following the deposit and is not paid out; instead, the certificate principal and the realized return are fully reinvested for the following quarter until maturity.

Our take

Namaa Certificate is suitable for customers seeking long-term savings and wealth growth through a cumulative return, as the return is reinvested rather than paid out, helping increase the certificate’s value until maturity. It also offers additional benefits, including redemption after two years, access to 50% of the cumulative return after four years, and the option to obtain financing against the certificate.

A seven-year savings certificate with a cumulative reinvested return, early redemption after two years, financing against the certificate, and eligibility for the Umrah draw

Compare

Alternatives at a glance
Seven-year Saving Certificate (Namaa) Faisal Islamic Bank-Egypt This one El Safwa Certificate Kuwait Finance House Egypt 3 Years Al Ghina Suk Abu Dhabi Islamic Bank Egypt
Total expected profit · At maturity
137.97% 18% – 18.5% Expected profit by payout17.5% – 19% Expected profit by payout
Term
7 yrs 3 yrs 3 yrs
Min. deposit
EGP 1,000 EGP 50K EGP 2.5M
Payout
At maturity Monthly 18% · Quarterly 18.25% · Annual 18.5% Monthly 17.5% · Quarterly 17.75% · Annual 19%
Compare with 2 similar certificates

Added Sunday 19 July 2026 - 12:59 AM Updated Saturday 31 October 2026 - 05:16 PM