April 19, 2023

Faisal Islamic Bank’s standalone profits rise 81% YoY in Q1

Arab Finance: Faisal Islamic Bank’s standalone net profits after tax surged 80.6% year on year (YoY) in the first quarter (Q1) of 2023 to EGP......

February 22, 2023

Egypt starts debut dollar sukuk sale

Egypt has begun the sale of its first Islamic debt issuance, reportedly attracting strong demand. The three-year Sharia-compliant bonds, known as......

February 18, 2023

Egypt hires banks for debut dollar sukuk as Eurobonds mature

DUBAI - Egypt has hired banks for its debut sale of Islamic bonds denominated in U.S. dollars, a document on the deal showed on Friday. A successful......

February 16, 2023

Egypt mulls raising $1.5B in debut sukuk issuance next week

Arab Finance: Egypt is mulling over raising up to $1.5 billion as soon as next week through a debut sale of sukuk, Bloomberg reported on February......

January 20, 2023

Faisal Islamic Bank Egypt’s standalone profit up 66.8% YoY in 2022

Arab Finance: Faisal Islamic Bank Egypt’s(FAIT) standalone net profit rose 66.8% year-on-year (YoY) for the period ended December 30th 2022,......

January 19, 2023

ADIB’s 1st phase of capital increase subscribed by 93.48%

Arab Finance: Abu Dhabi Islamic Bank Egypt (ADIB) announced the subscription ratio for the first phase of its capital increase was covered by 93.48%,......

October 17, 2022

Faisal Islamic Bank Egypt’s standalone profit up 36.3% YoY in 9 months-Egypt

Arab Finance: Faisal Islamic Bank of Egypt (FAIT) reported a 36.3% year-on-year (YoY) increase in standalone net profit after tax during the first......

October 6, 2022

ADIB’s OGM nods to EGP 1B capital hike

Arab Finance: Abu Dhabi Islamic Bank Egypt's (ADIB) ordinary general meeting (OGM) approved an EGP 1 billion increase in the bank’s issued......

September 1, 2022

Egypt issues first Islamic micro-financing license

RIYADH: Egypt’s Financial Regulatory Authority has issued the country’s first license to an institution engaged in Shariah-compliant......

August 24, 2022

ADIB Egypt, SimpliFi partner to bolster digital payment system in Egypt

Arab Finance: Abu Dhabi Islamic Bank Egypt (ADIB) has partnered up with SimpliFi, a Cards as a Service (CaaS) platform for banking and fintech industries......