CBE Suspends Granting New Islamic Banking Licenses In 2013
The Central Bank of Egypt (CBE) will not grant Islamic banking licenses in the meantime amid the low growth rates…
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Islamic banking
NBE’s Islamic Retail Finances Hit EGP 150 Mln At End-March
The National Bank of Egypt’s (NBE) Islamic retail finances reached about EGP 150 million at the end of Q1 of 2013.…
NBE Plans To Provide SMEs With EGP 50 Mln Islamic Finances
The National Bank of Egypt (NBE) targets to provide small and medium-sized enterprises (SMEs) with Islamic finances…
Al Hilal Islamic Banking Board Meetsa
An expanded meeting for al Hilal Islamic Banking Sharia Supervisory Board was held recently at ahlibank's head…
Shura Council Discusses Amending Banking Law No. 88/2003
The Finance and Economic Affairs Committee at the Shura Council will hold a closed meeting on Sunday to discuss the…
Commercial Banks’ Islamic Banking Assets In GCC Hit EGP US$445 Bln At End-2012
According to estimates by Ernst & Young’s Global Islamic Banking Center, Islamic banking assets with commercial…
Agricultural Credit Bank To Offer EGP 100 Mln Islamic Micro-Enterprise Finances
The total value of Murabaha finances offered by the Principal Bank for Development and Agricultural Credit (PBDAC)…
NBE Raises Islamic Finances To EGP 420 Mln
The National Bank of Egypt (NBE) has raised the value of Islamic finances by EGP 220 million to reach EGP 420…
Suez Canal Bank’s Islamic Banking Transactions Hit EGP 950 Mln At End-2012
Suez Canal Bank’s Islamic banking transactions reached EGP 950 million at the end of 2012, registering an annual…
NBE Offers Al-Watania Poultry EGP 200 Mln Islamic Finance
The National Bank of Egypt (NBE) has approved to grant Al-Watania Poultry a Murabaha worth EGP 200 million. Sources…
