Islamic Banking

Bank NXT – Islamic Banking offers you an opportunity to invest through the Islamic Savings Certificate based on the Mudarabah structure for three years, it’s your best choice for investments. These certificates are Sharia-compliant and issued by Bank NXT – Islamic Banking.

• Profits:
  • The profits are calculated starting from 1^st day after signing the Sharia-compliant Mudarabah contract and the issuance request of the Islamic Deposit.
  • The expected profit rate is competitive and variable, expected to reach 18% annually. However, this expected rate is subject to increase or decrease based on the realized profit out of the investment pool periodically.
  • Profits Payout Frequency: Profits are disbursed to customers under the settlement account on a Monthly / Quarterly / Semi-annual / Annual basis.
  • According to this mechanism, since profit payments are made under the settlement account, the bank is not guaranteeing the payment of such profit at the distribution time or in the future.
  • Amount per CD: EGP 1000 & its multiples.
  • Currency: Egyptian Pound (EGP).
  • The Certificate is available for Individuals only.
• Redemption Policy:
  • Full redemption of the certificate’s value is allowed after six months from the date of signing the issuance request.
  • An early withdrawal penalty will apply according to the bank's announced redemption schedule.
• Sharia Compliance Approval:
  • This 3-year Islamic savings certificate has been approved by the bank’s Fatwa and Sharia Supervisory Board.
  • The investment operates under the Sharia-compliant Mudarabah module, where profits are shared between the bank and the customer as a common share of the realized profits.
  • Profits are distributed to customers based on the announced profit table under the settlement account until actual realized profits are calculated.

Bank NXT – Islamic Banking offers you an opportunity to invest through the Islamic Deposits based on the Wakalah Investment structure, it’s your best choice for investments. These deposits are Sharia-compliant and issued by Bank NXT – Islamic Banking.

• Profits:
  • Profits are calculated starting from 1st day after signing the Sharia-compliant agency contract and requesting the issuance of the Islamic savings certificate.
  • The expected profit rate is competitive, variable, and distributed according to the following expected rates:
  • Year 1: 25%,
  • Year 2: 20%,
  • Year 3: 16%.
  • However, this expected rate is subject to increase or decrease based on the realized profit out of the investment pool periodically.
  • Profits are disbursed monthly to customers under the settlement account.
  • According to this mechanism, since profit payments are made under the settlement account, the bank is not guaranteeing the payment of such profit at the distribution time or in the future.
  • Minimum Issuance Amount: EGP 100,000 and its multiples.
  • Currency: Egyptian Pound (EGP).
  • Eligible for individuals only.
  • An Islamic Murabaha financing backed by the certificate can be granted, up to a maximum of 95% of its value.
• Redemption Policy:
  • Full redemption of the certificate’s value is allowed after six months from the date of signing the issuance request.
  • An early withdrawal is subject to a penalty in accordance with the bank's announced redemption schedule.
• Sharia Compliance:
  • This Islamic Deposit has been approved by the bank's Fatwa and Sharia Supervisory Board.
  • It operates under the Sharia-compliant Investment Agency module, where the bank commits to achieving an expected return on the customer’s investments.
  • Profits are distributed based on the announced profit table under the settlement account until the actual realized profit is calculated.