Faisal Bank Launches Bai Salam, Istisna’a, Ijarah Al-Khadamat
Faisal Islamic Bank of Egypt has received an approval from the Sharia Supervisory Board to conduct transactions of…
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Islamic banking
Export Development Bank Seeks Islamic Banking License
The Export Development Bank of Egypt (EDBE) has submitted a request to the Central Bank of Egypt (CBE) to get a…
Islamic Banking Influencing North American Institutions
While Shariah-compliant banking is not widespread in the United States, Islamic financial institutions are making…
Al Baraka’s Finances Hit EGP 6.531 Bln At End Of September
Al Baraka Bank Egypt’s portfolio of Murabaha, Mudaraba and Musharaka stood at EGP 6.531 billion at the end of last…
Faisal Bank’s Finances Hit EGP 3.199 Bln At End Of September
Faisal Islamic Bank of Egypt’s Musharaka and Mudaraba fell by 149.8 billion (4.4%), registering EGP 3.199 billion…
Banque Misr To launch Two New Products In FY 2012/13
Banque Misr targets to launch two new products in the current fiscal year which are sharia-compliant mortgage and…
Egyptian Gulf Bank 9-Month Net Profit Up 152.6%
The Egyptian Gulf Bank's (EGB) net profit witnessed a remarkable increase of 152.6% in the first nine months of…
National Bank For Development’s Islamic Finances Hit EGP 3.8 Bln In Q3
The National Bank for Development’s (NBD) Islamic finances (after deducting impairment losses) rose by EGP 724.4…
PBDAC Launched Four New Islamic Banking Units
The Principal Bank for Development and Agricultural Credit launched four new Islamic banking units, which were…
Banque Misr’s Retail Finances Hit EGP 2.9 Bln In September
Banque Misr’s retail finance portfolio stood at EGP 2.9 billion at the end of last September, compared to EGP 2.7…