- The National Bank of Egypt offers the “Al-Ahly Plus” certificate with a minimum purchase of $1,000 and multiples thereof for a period of 3 years.
- The bank provides the certificate to individuals (Egyptians and foreign adults and minors) at a fixed return rate of 7% in dollars, paid quarterly.
- It is worth noting that this certificate is nominal and may not be traded, endorsed, transferred, discounted, mortgaged or disposed of in any way that transfers ownership except in favor of the National Bank of Egypt, and it is automatically renewed on its due date according to the announced price unless the issuance of the product is stopped.
- The return is calculated from the business day following the day of purchase.
- The bank allows purchases through the bank’s website, internet banking, Al Ahly Phone service, foreign branches and representative offices abroad of the bank, banks and subsidiaries abroad, and the bank’s branch network for customers located inside Egypt.
- The bank also allows the certificate to be redeemed after 6 months from the date of purchase, and it is redeemed in dollars according to the rules and conditions announced by the bank.
- The bank allows borrowing against the certificate in local currency according to the exchange rate announced at the time, and the following: a personal loan with a minimum of 3 months and a maximum of the remaining period of the certificate, and the corridor loan rate is applied at the time of granting, minus 2.25%, with a maximum of 50% of the nominal value of the certificate in the equivalent in local currency, with a maximum of 10 million pounds, with a monthly or quarterly installment payment cycle.
