islamic finance

March 28, 2021
ADIB Egypt reports EGP 1.196bn in net profit during 2020
The Abu Dhabi Islamic Bank (ADIB) Egypt has announced its consolidated financial results for the fiscal year (FY) ending 31 December 2020, reporting......
Continue Reading >
February 24, 2021
FRA okays MTO submitted on Assiut Islamic National
ArabFinance: The Financial Regulatory Authority (FRA) approved the mandatory tender offer (MTO) submitted on Assiut Islamic National for Trading......
Continue Reading >
January 6, 2021
Egypt is 3rd largest beneficiary of IsDB funds, receiving $12.7bn: Hala El-Said
Egypt is the third largest beneficiary of the total appropriations from the Islamic Development Bank Group (IsDB), amounting to $12.7bn, according......
Continue Reading >
December 15, 2020
Faisal Islamic Bank records EGP 117B in business volume
ArabFinance: Faisal Islamic Bank of Egypt said its business volume reached EGP 116.603 billion in November 2020, according to the bank's statement......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >
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......
Continue Reading >Latest News

EIG Signs $12.4 Billion Infrastructure Deal with Aramco
