November 30, 2020

Unlisted agricultural company to issue sukuk in January 2021: FRA

An unlisted agricultural reclamation company is preparing required documents to issue sukuk in 2021, according to Sayed Abdel-Fadil, Head of Central......

November 29, 2020

Egypt’s Planning Minister praises cooperation with International Islamic Trade Finance Corporation

Egypt’s Minister of Planning and Economic Development, Hala El-Said, participated, on Saturday, in the closing ceremony of the staff capacity......

November 16, 2020

FRA checks compliance of Sarwa’s new sukuk issuance with Sharia

The Central Sharia Supervisory Committee at the Financial Regulatory Authority (FRA) will check the compliance of Sarwa Sukuk’s new sukuk issuance......

November 12, 2020

Waterway in talks over EGP 1B Islamic loan

ArabFinance: The Waterway Developments is currently in discussions with local banks to obtain a sharia-compliant credit facility (Islamic loan) at......

October 15, 2020

ADIB Egypt launches contactless payment service

ArabFinance: Abu Dhabi Islamic Bank- Egypt (ADIB) launched its latest contactless e-payment method Beat through the World Debit MasterCard, according......

September 16, 2020

Faisal Islamic Bank records EGP 112.751bn in business volume during August

The Faisal Islamic Bank of Egypt has reported a 9.3% increase in its volume of business to EGP 112.751bn in August 2020, compared to EGP 103.149bn......

September 2, 2020

Egypt borrows $2bn ‘to finance state budget’

Egypt has signed its first $2 billion conventional and Islamic financing loan to support the local economy, the Egyptian Ministry of Finance announced......

September 1, 2020

Egypt signs $2bn conventional, Islamic facility to finance budget deficit

Egypt’s Ministry of Finance has signed the first conventional and Islamic financing facility, worth $2bn, to finance state’s budget deficit......

August 24, 2020

Faisal Islamic Bank reports 12.1% asset growth to EGP 108.701bn in July

The Faisal Islamic Bank of Egypt has recorded a 12.1% increase in its total assets to about EGP 108.701bn at the end of July 2020, compared to EGP......

August 17, 2020

ADIB posts 19% profit decline

ArabFinance: Abu Dhabi Islamic Bank- Egypt (ADIB) reported a 19% Year on Year decline in its consolidated net profit in the first half (H1) of 2020,......