NBE’s Islamic Units Have Loan-To-Deposit Ratio Of 30%
The National Bank of Egypt’s (NBE) Islamic deposits reached EGP 700 million, while Islamic finances registered EGP…
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Islamic banking
NBE Seeks Approval To Launch Musharaka Mutanaqisa
The National Bank of Egypt (NBE) has submitted a request to the Central bank of Egypt (CBE) in order to provide the…
NBD Launches 1st Islamic Investment Bank In Egypt
The National Bank for Development (NBD) is set to launch Abu Dhabi Islamic Investment Company (ADI Capital) in…
Investment Minister Postpones Meeting With Al Nour, FJP To Wednesday
The Minister of Investment Osama Saleh decided to postpone his meeting with the Economic Committee of Al Nour Party…
Al Nour Party Suggests Sukuk Draft Law
The Economic Committee of Al Nour Party will hold a meeting today with the Minister of Investment in order to…
Agricultural Credit Bank Plans Launching Sukuk In 2012
The Principal Bank for Development and Agricultural Credit targets to launch new sukuk instrument before the end of…
SFD Lends Youths At 0% Interest Rate
The Social Fund for Development (SFD) will implement a new system to provide youths with Musharaka, Murabaha and…
United Bank Signs First Two Islamic Finance Contracts
The United Bank of Egypt signed the first two sharia-compliant syndicated loan contracts, said Mohamed Ashmawy, the…
Agricultural Credit Bank’s Islamic Units Achieved EGP 5.4 Mln Budget Surplus
The Principal Bank for Development and Agricultural Credit’s Islamic units achieved budget surplus of EGP 5.455…
East Delta Electricity Co. To Hold GM For Islamic Syndicated Loan
The Board of Directors of the East Delta Electricity Production Company will meet next Monday to approve the…
