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.
Browsing Tag
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…
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…
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 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…
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…
Suez Canal Bank’s Islamic Transactions Hit EGP 900 Mln
Suez Canal Bank’s Islamic banking transactions surged by EGP 200 million during the period from the end of…
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…
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…
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…
PBDAC Negotiates With SFD Over EGP 100 Mln Murabaha Contract
The Principal Bank for Development and Agricultural Credit is in talks with the Social Fund for Development (SFD)…
IDBE Negotiates With SFD Over EGP 150 Mn Islamic Finance
The Industrial Development and Workers Bank of Egypt is in talks with the Social Fund for Development (SFD) to sign…
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…
SFD To Launch New Murabaha Product
The Social Fund for Development (SFD) targets to launch a new sharia-compliant Murabaha product, said Nevine Gamea,…
Agricultural Credit Bank: Islamic Finances Hit EGP 507 Mln In August
The Principal Bank for Development and Agricultural Credit stated that the value of Islamic finances (Musharaka and…
NBE’s Islamic Deposits Hit EGP 700 Mln In August 2012
The National Bank of Egypt’s (NBE) portfolio of Islamic deposits registered EGP 700 million at the end of last…
Banque Misr Launches Car Murabaha With Highest Finance Rate
Banque Misr has launched a new product available at its Islamic branches which is the car murabaha finance that was…
Faisal Bank Reports EGP 283 Mln Net Profit In H1
Faisal Islamic Bank of Egypt reported net profit of EGP 283.6 million at the end of June 2012, up from EGP 152.9…
EGB’s Loan Portfolio Up To EGP 3.2 Bln In H1 2012
The Egyptian Gulf Bank’s (EGB) portfolio of loans, credit facilities and murabahas registered EGP 3.241 billion at…
NBE Offers EGP 200 Mln Islamic Finance To A Poultry Company
The National Bank of Egypt (NBE) approved offering EGP 200 million murabaha loan to a poultry company, raising the…
NBE Injected EGP 70 Mln Islamic Finances To SMEs By End Of June 2012
The National Bank of Egypt (NBE) offered a number of sharia-compliant finances worth EGP 70 million to small and…
Banque Misr Launches Car Murabaha Next Week
Banque Misr has approved the final form of the car murabaha (Islamic finance) to be launched in the next week.…
Türkiye Finans Signs $350 Mln Murabaha Syndicated Loan Deal
Türkiye Finans, Turkey’s leading participation bank, has signed the largest murabaha syndicated deal of the…
Turkey’s Bank Asya Receives US$325 Mln Islamic loan
Turkish lender Asya Katilim Bankasi (Bank Asya) has secured a $325 million dual-currency syndicated Islamic loan, a…
EFSA Approves AUB’s Islamic Mortgage Product
Egyptian Financial Supervisory Authority (EFSA) approved Ahli United Bank Group’s Islamic Sharia-Compliant mortgage…
IIFM launches Standard Template for Islamic Profit Rate Swap
Global standard-setting bodies have launched a standard contract template for Islamic profit rate swaps (PRS), in a…
CIB and NBAD negotiate with Social Fund over new funding contracts
Commercial International Bank and National Bank of Abu Dhabi are currently negotiating with Social Fund for…