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%.
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