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…
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Islamic banking
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…
Agricultural Credit Bank Launches Islamic Retail Banking Products
The Principal Bank for Development and Agricultural Credit targets to expand in Sharia-compliant retail banking…
Al Baraka Egypt Eyes 20% Profit Increase In 2013
Al Baraka Bank of Egypt targets to raise profits by 20% this year, after achieving profit of EGP 135.7 million at…
Faisal Bank’s Finances Fell To EGP 3.21 Bln At End-2012
Faisal Islamic Bank of Egypt’s funds and balances held at the Central Bank of Egypt (CBE) fell 13.3% (EGP 451.6…
Islamic Banking To Witness Robust Growth This Year
Islamic banking services in the Sultanate will witness robust growth during 2013, says Ahmed al Musalmi, Deputy…
Islamic Banking Accounts For 8.5% Of Transactions In Egypt: El-Beltagy
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that volume of Islamic banking…
Ashmawy Calls On Implementing A Method Of Calculating Return On Sukuk
Before bringing into effect the sukuk law, the Egyptian policy makers shall consider a number of issues such as how…
Lawsuit Filed To Ban Banks From Offering Loans With Interest
The former member of parliament Hamdy El Fakharany and the lawyer Wael Hamdy has filed a lawsuit in the State…
Egyptian Jurist Says Sukuk Can Bring Egypt US$ 200 Bln
The Egyptian Jurist Hussein Hamed Hassan affirmed that Egypt is one of the strongest countries in the region in…