Faisal Islamic Bank of Egypt

Faisal Islamic Bank of Egypt SAE is a "shariah-compliant" financial institution based in Egypt and headquartered in Cairo, with a market capitalization of $402 million as of September 2016.[1][2] It is a joint-stock company and was incorporated in 1977 but started operating in 1979.[1] Bloomberg News reports it provides "various" commercial "banking products and services in Egypt and internationally", such as "current and investment accounts, and joint accounts; saving certificates; and mutual funds".[3]

Faisal Islamic Bank of Egypt
Joint-stock company
IndustryBanking
FoundedJuly 5, 1979 (1979-07-05)
Headquarters
Cairo
,
Egypt
ProductsIslamic banking
Websitewww.faisalbank.com.eg

According to the bank it was "the first Egyptian Islamic and Commercial bank".[1] Another source describes it as "part of the banking empire" established by Saudi Prince Mohammed al-Faisal, and associated with Saudi Arabia's conservative political and religious influence in Egypt.[4]

See also

References
  1. "Faisal Islamic Bank Of Egypt S.A.E." emis.com. Retrieved 16 September 2016.
  2. "Faisal Islamic Bank of Egypt SAE (FAITA.CA)". reuters.com. Retrieved 16 September 2016.
  3. "Company Overview of Faisal Islamic Bank of Egypt (S.A.E.)". bloomberg.com. September 16, 2016. Retrieved 16 September 2016.
  4. "Context of '1976: Faisal Islamic Bank of Egypt Founded, Funds Political Growth of Islamist Movement'". History Commons. Retrieved 16 September 2016.
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