Mobily, SNB sign SR 4.8 bln Murabaha agreement
The Saudi National Bank (SNB) and Etihad Etisalat Co. (Mobily) have signed a Murabaha financing agreement.
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Murabaha
ADIB-Egypt signs IFC first murabaha funding deal worth $50 mln
Abu Dhabi Islamic Bank - Egypt (ADIB) signed a support financing agreement with the International Finance…
Abu Dhabi Islamic Bank Egypt 2019 net profit jumps 44%
Abu Dhabi Islamic Bank Egypt (ADIB Egypt), part of the UAE’s largest sharia-compliant lender, posted a 44 percent…
Al Baraka Bank Egypt H1 net profit rises 23.7%
Al Baraka Bank Egypt, part of the Bahraini Al Baraka Group, said on Tuesday its first half net profit rose 23.7…
Saudi-based Apicorp arranges $100m Islamic financing for Egypt’s EGPC
Saudi Arabia-based Arab Petroleum Investments Corp (APICORP) has arranged a three-year $100 million murabaha…
Al Baraka Bank Egypt: H1 customers’ deposits surge to $143.3 mln
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Banking Group, says customers’ deposits compliant to the Shariah…
Al Baraka Bank H1 net profit up to $28.7 mln in Egypt
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Banking Group, reported a first half net profit worth 255.390…
Faisal Islamic Bank Takes Part in CBE’s Mortgage Funding Initiative
Faisal Islamic Bank of Egypt decided to take part in the Central Bank of Egypt’s mortgage finance initiative.…
NBE Grants EGP200mn Islamic Finance for a Company Working in Industry Sector
The National Bank of Egypt (NBE) announced a new Sharia-compliant loan agreement worth EGP 200 million ($28.7…
Banque Misr to Launch Murabaha Mortgage Product in Q1/2014
Banque Misr is planning to launch its new sharia-compliant product “Murabaha Mortgage” within the first quarter of…
