Islamic Banking
The continued growth highlights the expanding role of Islamic finance in Egypt’s broader financial landscape, with more consumers and institutions turning toward banking models that comply with Islamic law
This represents a significant increase of LE 412 billion from December 2023, reflecting an impressive 68 percent growth
Islamic banking now represents 4 percent of the overall Egyptian banking sector, supported by 14 banks licensed by the Central Bank of Egypt to offer Islamic financial products
Consisting of 33 companies from various sectors, the newly-launched EGX33 index adheres to a methodology approved by the shariah supervisory committee
Islamic banking accounts for approximately 5% of the overall Egyptian banking sector, according to the EIFA’s latest data
