A new safe saving product launched by National Bank for Development in cooperation with Abu Dhabi Islamic Bank
National Bank for Development (NBD) and Abu Dhabi Islamic Bank launched "5 years Sukuk plus". This term means an Islamic Shari'a compliant medium term saving product in Egyptian pound. It will give customers annual profit posted on monthly basis with expected profit rate ranging between 9% and 9.25%.
The minimum value of "5 years Sukuk plus" is EGP1000 and multiples. The Sukuk profit is posted on the customer's account on the first day of each month.