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5-year Sukuk plus offers annual expected profit rate of up to 9.25 pct

Posted on 08 June 2011

Nevine LoutfyEgypt’s National Bank for Development (NBD) has unveiled its new Shari’ah-compliant medium-term savings product offering annual profit posted on monthly basis with expected profit rate ranging between 9-9.25 per cent.
“Launching the 5-year Sukuk plus reflects NBD’s strategy to continuously launch new Shari’ah-compliant products tailor made to meet customers’ needs in the Egyptian market which comes as a result of the periodical studies of the trends in the Egyptian market that the bank conducts in order to cater to the wide variety of the changing customers’ needs.” said Nevine Loutfy, NBD Managing Director and Chief Executive Officer………………………………………..Full Article: Source

 
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