Qard Hasan Conditions from Awqaf
The Ministry of Awqaf's article aims to explain the conditions for obtaining an interest-free, concessional loan for ministry employees and the administrative apparatus of the state, as part of its efforts to ease living burdens and improve quality of life. To qualify, ministry employees must have served for either 3 or 5 years depending on their category, and be within one year of retirement. The loan amounts are as follows: 35,000 Egyptian pounds for priority groups, 20,000 pounds for other employees, and 10,000 pounds for retirees who are just one year away from retirement. For those in the administrative apparatus, conditions include having been employed for at least 15 years, not having received a previous loan, having their salary transferred to Bank of Egypt, and not possessing a shopping visa. Loans are to be repaid over a period ranging from 10 to 40 months, depending on the category. They are allocated to support the most needy groups, such as people of determination (special needs), individuals with chronic illnesses, newlyweds, widows, and those affected by fires. Priority also extends to residents of border governorates. The first disbursement benefited 1,056 recipients with a total amount exceeding 20 million Egyptian pounds, focusing on the most vulnerable groups to achieve better economic well-being.
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