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…
Browsing Tag
Murabaha
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…
