FRA approves LE 5.8bn in Islamic sukuk, pushing market total to LE 25.7bn

Mon, 28 Apr 2025 - 01:46 GMT

Both offerings will be conducted through private placements, targeting financial institutions and high-net-worth investors.

Egypt’s Islamic Banking Sector grows 68% in 2024, accounting for 5% of market

Mon, 03 Mar 2025 - 11:47 GMT

This represents a significant increase of LE 412 billion from December 2023, reflecting an impressive 68 percent growth

Africa Finance Corp., ITFC to provide Egypt with $250M for procurement of essential commodities

Tue, 16 Jan 2024 - 12:05 GMT

Meticulously structured per Sharia principles, the trade loan represents a dynamic response to the evolving economic landscape in Africa, the AFC explained

Sharia-compliant financing up by 26.5% in September 2023, Islamic Finance Association

Wed, 22 Nov 2023 - 03:49 GMT

As a whole, Islamic banking witnessed a significant increase of 27 percent year-on-year in September, compared to September 2022’s LE 120 billion, to reach LE 562 billion and amount to 5 percent of LE 562 billion

Egypt signs 1st conventional, Islamic financing to state budget worth $2B

Mon, 31 Aug 2020 - 01:12 GMT

This financing comes with the aim of financing the state's general budget and supporting the Egyptian economy.