Awqaf clarifies interest-free loan rules
The Ministry of Endowments announced an increase in the allocations for the Interest-Free Loan Project for ministry employees in the 2026/2027 fiscal year, reaching 100 million Egyptian pounds, up from previous years. The loan amounts range between 10,000 and 25,000 pounds and are fully disbursed electronically. The maximum monthly installment is 625 pounds. The program is limited to government employees, excluding private sector workers. The project's goal is to enhance social protection for employees and to begin disbursing loans before the start of the school year, while maintaining the donor's conditions regarding the allocation of funds for students, mosque maintenance, and medical treatment.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)