islamic finance

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......
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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......
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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......
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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......
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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,......
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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%,......
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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......
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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......
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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......
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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......
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Lynk & Co Now Opens in Saudi Arabia
