Faisal Bank: Musharaka, Mudaraba Transactions Registered EGP 2.8 Bln In H1
Faisal Islamic Bank of Egypt said the value of Musharaka (Islamic joint venture) and Mudaraba (Islamic venture…
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Islamic banking
Al Baraka Targets Raising Retail Banking To EGP 1.6 Bln In 2013
Al Baraka Bank Egypt targets to increase the value of its retail banking portfolio by EGP 600 million to reach EGP…
Banque Misr Launches Car Murabaha With Highest Finance Rate
Banque Misr has launched a new product available at its Islamic branches which is the car murabaha finance that was…
Al Baraka Bank Raises Capital By EGP 300 Mln In FY 2012/13
Al Baraka Bank Egypt targets to increase its issued and paid-up capital by EGP 300 million to register EGP one…
Bank for Agricultural Credit Considers Financing 1000 Feddans In Fayoum, Sharkia
As the Principal Bank for Development and Agricultural Credit aims at expanding in offering sharia-compliant loans,…
India May Introduce Islamic Banking
The government is considering introducing Islamic banking in the country. The Ministry of Finance recently asked…
Faisal Bank Reports EGP 283 Mln Net Profit In H1
Faisal Islamic Bank of Egypt reported net profit of EGP 283.6 million at the end of June 2012, up from EGP 152.9…
Al Baraka Increases SME Finances By EGP500 Mln In FY 2012/13
Al Baraka Islamic Bank - Egypt will inject EGP 500 million into the SME finance portfolio, raising it to EGP 1.5…
Al Baraka, SFD Sign EGP 200 Mln Musharaka Finance Contract
Al Baraka Islamic Bank- Egypt and the Social Fund for Development (SFD) signed a finance contract to offer new and…
Banque Misr Eyes 11% Increase In Loans In 2012/13
Banque Misr targets to increase the volume of loan portfolio by 10%-11%, to register EGP 57 billion by the end of…
