Islamic Finance

22 Jan 2020

Faisal Islamic Bank's volume of business up 14% in December 2019

ArabFinance: Faisal Islamic Bank of Egypt’s (FAIT) (FAITA) volume of business increased to EGP 108.305 billion at the end of December 2019, from EGP 95 billion in the same period last year, representing 13.5% growth, the bank stated in a statement sent to EGX.

Additionally,"...

21 Jan 2020

Egypt’s Talaat Moustafa to issue its first sukuk in April

Cairo: Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian pounds ($126.5 million) in April.

CEO and Managing Director Hisham Talaat Moustafa said"...

20 Jan 2020

IDB profits reach EGP 512m in 2019

The business results of the Industrial Development Bank (IDB) revealed that the bank achieved profits of EGP 512m, before taxes, at the end of 2019, compared to EGP 379m at the end of 2018, representing an increase of 35%.

Maged"...