With return reaches to 30% The United Bank is to launch Islamic saving account “Safwa” with 5 competitive privileges

11/11/2024

With return reaches to 30%

The United Bank is to launch Islamic saving account “Safwa” with 5 competitive privileges

 

Cairo: 11th of November 2024

The United Bank announced the launch of Islamic Saving Account under the name of “Safwa” aiming to meet clients requirements who want to invest their money as per the Islamic provisions and with a return that is allocated under the account.

“Safwa” saving account- compliant with sharia provisions based on Islamic speculative formulas. It is one of the formulas among the Islamic banking transactions, which found an applause among clients, who want to deal through a flexible banking package of services, as per the Islamic provisions, and according to the latest international quality standards.

Safwa Islamic saving account enjoys 5 privileges:

1-     A competitive return reaches to 30% annually with different periodic disbursement, as per the client’s needs.

2-     Returns on account is disbursed according to the client’s needs, from under account until final settlement.

3-     The client has the option to choose among different periodic disbursement (monthly, quarterly, semi- annually, and annually, accumulative).

4-     The return is calculated upon the least available balance through the month.

5-     The minimum amount opening- limit is 500 thousand pounds.

 

Investors can open “Safwa” saving account, compatible with Islamic provisions from The United Bank 68 branches widely spread over the republic, and through the official website: www.theubeg.com

 

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