October 19, 2021

Faisal Islamic Bank Egypt reports 27.2% standalone profit growth in 9 months

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) reported a 27.2% year-on-year increase in standalone net profit for the first nine months of 2021,......

October 10, 2021

ADIB Egypt sees EGP 11.6M block-trading transaction

ArabFinance: Abu Dhabi Islamic Bank Egypt (ADIB) has seen a block-trading transaction valued at EGP 11.661 million on the Egyptian Exchange (EGX).......

October 9, 2021

Egypt launches $2bln sustainable term loan, Islamic financing facility

Egypt’s finance ministry has launched its first $2 billion syndicated sustainable term loan and Islamic term financing facility with a three-year......

October 6, 2021

ADIB Egypt sees EGP 34.15M block-trading transaction

ArabFinance: Abu Dhabi Islamic Bank Egypt (ADIB) has seen a block-trading transaction valued at EGP 34.155 million on the Egyptian Exchange (EGX).......

September 30, 2021

Faisal Islamic Bank Egypt cuts stake in Incolease

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) has sold 200,000 shares in International Company for Leasing (Incolease) (ICLE) for an average price......

September 28, 2021

CBE approves nomination of Hazem Rashad Hegazy as Al Baraka Bank Egypt’s Vice Chairman

ArabFinance: The Central Bank of Egypt (CBE) has approved the nomination of Hazem Hussein Rashad Hegazy as Vice Chairman and CEO of Al Baraka Bank......

September 12, 2021

ITFC provides financing to African countries worth $25B

International Islamic Trade Finance Corporation (ITFC), has provided $60 billion in financing so far, including $25 billion in African countries,......

August 30, 2021

Faisal Islamic Bank Egypt records EGP 1.09B profit in H1-Egypt

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) posted a consolidated net profit of EGP 1.09 billion in the first half (H1) of 2021, compared to......

August 23, 2021

Islamic banking in Egypt valued at EGP 390bn in June 2021

The Egyptian Association for Islamic Finance has revealed that the volume of Islamic banking in Egypt reached about EGP 390bn in June 2021, accounting......

July 29, 2021

Banque Misr, BM Lease sign EGP 700M Islamic facility

ArabFinance: Banque Misr and BM Lease signed a medium-term Islamic financing partnership contract worth EGP 700 million, Al Mal News reported. The......