Details of current charity certificates in several banks:
Nahr Al-Khair Charity Certificate:
Grant Bank QNB Al-Ahly that certificate is in order to participate in charitable work, and the variable return is donated on a monthly or quarterly basis to the Misr El-Kheir Foundation, and at the end of the period the original amount of the certificate is refunded and it is as follows:
The proceeds can be donated monthly or quarterly.
The value of the certificate will be redeemed after 6 months from the date of issuance at any time.
There is no limit to the number of certificates you can issue.
Certificates are available for a period of 3 years.
The minimum issuance of the certificate is 1000 pounds.
The Commercial International Bank provides that certificate with a fixed monthly return with a minimum of 1,000 pounds, and it is as follows:
The return is 9% annually and paid monthly.
The duration of the certificate is 3 years.
Full or partial refund after 6 months from the date of issuance of the certificate.
Donate the proceeds to charitable foundations.
Ongoing Certificate of Charity:
The Housing and Development Bank provides this certificate, and the bank is authorized to use its revenue in financing charitable work as a kind of ongoing charity, and it is as follows:
The customer has the right to recover the value of the purchased certificate after the lapse of six months.
The minimum purchase amount for the certificate is 500 pounds.
The period of certification is 3 years and 5 years and is valid from the date of purchase.
A fixed annual rate of return is calculated for the triple certificates and the five years certificates and paid every 3 months.
The holder of the certificate has the right to borrow or obtain credit cards with a guarantee of up to 80% of the value of the certificate through easy procedures and returns.
Certificates can be purchased in the name of others, as well as in the name of more than one beneficiary.
The return of the certificate for a period of 3 years is 9.5% quarterly, and the return of the certificate for a period of 5 years is 7% quarterly.