Introducing Time Deposits by Al Baraka Bank for corporates, if you seek short or medium-term investment options, our Time Deposits offer our customers a weighed range and Sharia-compliant investing and many other benefits.
Terms and Conditions Apply
Al Baraka Bank Egypt B.S.C. (C) All rights reserved
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Benefits
- Time Deposits are Islamic Sharia Compliant.
- Competitive expected profit rates.
- Different tenors & different profit payment frequencies: to fit your needs.
- Internet banking services.
- Al Baraka Credit Card and Secured Financing: are available against the time deposit.
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Time Deposits Local Currency
Time deposits at maturity
TD Tenor Variable profit rate (Annual) Minimum Balance to open TD "7 days" 1.50% 100K TD “14 Days” 2.00% 50K TD “1 month” 3.25% 10k Special TD “1 month” 6.25% 100K TD “2 months” 5.00% 5K TD “3 months” 5.50% 500 TD “6 months” 5.75% 500 TD “12 months" 6.00% 500 TD “2 years” 6.50% 500 Redemption rates:
- Redemption before one month from booking date: 100% deduction from TD profit
- Redemption after one month from booking date: 80% deduction from TD profit
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Time Deposits Foreign Currency
First – TD’s USD :
name of deposit Deposit Balance TD “1 month” 500 USD TD “2 months” 500 USD TD “3 months” 500 USD TD “6 months” 500 USD TD “9 months” 500 USD TD “1 year” 500 USD TD “2 years” 500 USD Second –TD’s GBP :
name of deposit Deposit Balance TD “6 months” 1000 GBP TD “9 months” 1000 GBP TD “1 year” 1000 GBP TD “2 years” 1000 GBP Third – TD’s SAR:
name of deposit Deposit Balance TD “6 months” 50000 SAR TD “9 months” 50000 SAR TD “1 year” 50000 SAR TD “2 years” 50000 SAR Redemption rates:
- Redemption before one month from booking date: 100% deduction from TD profit rate.
- Redemption after one month from booking date: 80% deduction from TD profit rate.
For more information fill out the form below and one of Al Baraka Bank’s representatives will contact you.