1 FAISAL ISLAMIC BANK OF EGYPT
2 The National Bank for Development
3 Abu Dhabi Islamic Bank
4 Al Baraka Bank
5 The Egyptian Gulf Bank
6 Egyptian Saudi Finance Bank
Trading
List of Islamic Banks in Egypt
Published by Gbaf News
Posted on April 5, 2013
1 min read· Last updated: June 11, 2018
Key Takeaways
- Egypt hosts several fully Sharia‑compliant banks including Faisal Islamic Bank, Al Baraka Bank Egypt, and ADIB Egypt.
- Islamic banking now represents about 4% of Egypt’s banking sector, supported by 14 licensed institutions.
- Faisal Islamic Bank is the long‑standing market leader with ~29.3% market share by turnover.
- Al Baraka Bank Egypt is expanding with strong digital services and branch network rooted in Islamic finance principles.
References
Frequently Asked Questions
Which are the main Islamic banks operating in Egypt?
The fully Sharia‑compliant banks include Faisal Islamic Bank of Egypt, Al Baraka Bank Egypt, and Abu Dhabi Islamic Bank (ADIB Egypt); additional Islamic windows operate within other banks.
How large is the Islamic banking sector in Egypt?
Islamic banking accounts for approximately 4% of Egypt’s overall banking sector, with licensed operations from 14 banks as of mid‑2024.
Who is the market leader among Islamic banks in Egypt?
Faisal Islamic Bank of Egypt leads the sector with a turnover of LE 215 billion and a market share of around 29.3%.
Tags
Related Articles
Russian-held Sevastopol without power after Ukraine strikes, Moscow-installed governor says
Dollar at 13-month high as rate hike bets, stock rout boost demand
Rio Tinto sees lithium as fastest-growing division, executive says
Ari Emanuel's Mari in talks to buy theater group ATG for $6 billion, FT reports
Soccer-England hit crossbar late in goalless draw with Ghana
More from Trading
Explore more articles in the Trading category
Why the Best Traders Spend More Time Reading Markets Than Predicting Them
Why Smart Traders Are Learning to Respect Market Silence
Why the Best Traders Learn to Read Risk Before Price
The Trading Skill That Becomes More Valuable as Markets Get Faster
The Trading Question That Matters More Than Market Direction
The Trading Discipline That Matters Most When Markets Move Too Fast
The Trading Advantage Hidden in Plain Sight: Why Market Context Matters More Than Signals
The Overlooked Trading Edge: Why Adaptability Is Becoming More Valuable Than Accuracy
The Hidden Force Behind Modern Trading: Why AI Is Making Markets More Emotional
The Trading Advantage Hidden in Time: Why Market Timing Is Often Misunderstood
The Market Clue Most Traders Miss: Why Capital Flows Matter More Than Headlines
The Hidden Force Behind Every Trade: Why Market Confidence Matters More Than You Think