Free Investment — Faisal Islamic Bank-Egypt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 2 Nov 2026
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Islamic

Free Investment

Faisal Islamic Bank-Egypt · Savings · Islamic · Egyptian Pound · 2.0 · Wednesday 19 August 2026 - 11:58 AM

A flexible option for short-term investment, offering deposit and withdrawal flexibility and a chance to perform Umrah, but its return and terms may not suit customers seeking higher returns.

Interest rate
4.8%
Min. opening deposit
EGP 5,000
Monthly fee
EGP 0

Returns

Interest type
Fixed
Base rate
4.8%
Max rate
4.8%
Payout
Compounded quarterly
Rate tiers
  1. ≥ EGP 5,000
    4.8%

Balance & withdrawals

Min opening deposit
EGP 5,000
Min balance for interest
EGP 0
Overdraft allowed
No

Fees

Opening fee
EGP 60
Monthly fee
EGP 0
Quarterly fee
EGP 50
Below-minimum fee
EGP 10

Features & requirements

Debit card
Yes
Online banking
Yes
Mobile banking
Yes
Joint account
No
Minor account
No
For women
No
For pensioners
No

Do the maths

Free Investment

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Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 2.0

2.0 Banky rating

Pros

  • It gives you the opportunity to perform Umrah through the prize draw held by the bank twice a year, provided that the account balance is not less than EGP 5,000.
  • The ability to deposit and withdraw at any time.

Cons

  • The applicable return is relatively low, at 4.8%

Our take

The Free Investment Account is a suitable option for customers looking to invest their funds for a short period while maintaining the flexibility to deposit and withdraw at any time. It also offers the opportunity to participate in the Umrah draw. However, it may not be the most suitable option for customers seeking higher returns, and the withdrawal and deposit terms should be carefully considered before opening the account.

A flexible option for short-term investment, offering deposit and withdrawal flexibility and a chance to perform Umrah, but its return and terms may not suit customers seeking higher returns.

Compare

Alternatives at a glance
Free Investment Faisal Islamic Bank-Egypt This one Al Hassad Account Kuwait Finance House Egypt Monthly Saving Account Al Baraka Bank Egypt Al Ghina Abu Dhabi Islamic Bank Egypt
Interest rate
4.8% 5% 6% – 16% 5% – 16.5% Interest rate (Tiered)
Min. opening deposit
EGP 5,000 EGP 5,000 EGP 3,000 EGP 250K
Monthly fee
EGP 0 EGP 0 EGP 40 EGP 30
Compare with 3 similar savings

Added Tuesday 19 May 2026 - 09:53 PM Updated Saturday 31 October 2026 - 06:31 PM