4 banks succeed in selling Aman certificates for 5.5 billion pounds in 2 days

The banks taking part in issuing Aman certificates for temporary and seasonal workers include the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, and Agriculture Bank of Egypt have succeeded in attracting a total outcome of 5.5 billion Egyptian pounds.

The segments of Aman certificates are LE 500, LE 1,000, LE 1,500, LE 2,000 and LE 2,500.The duration of the certificate is three years at a rate of 16 percent, and it can be redeemed at any time.

Both National Bank of Egypt (NBE) and Agriculture Bank of Egypt have captured the highest percentage of the total outcome.

Prime Minister Sherif Ismail affirmed on Thursday that the Aman insurance certificate for temporary employment has no procedures or administrative documents, adding that it is worth LE 500 and can be doubled until it reaches LE 2,500.

Ismail clarified that the Aman certificate’s monthly installment starts from LE 4, and its highest monthly installment is LE 20, with a benefit period of 5 years or 10 years.

On March 1, President Abdel Fatah al-Sisi ordered the completion of the procedures of the insurance policies for temporary and seasonal workers within 15 days.