Faisal Islamic Bank of Egypt

Faisal Islamic Bank of Egypt is the first Egyptian Islamic bank, as it officially opened its doors to work and received its clients in the year 5/7/1979 AD. Although this date marks the beginning of the actual activity of the bank, the real beginning was more than five years before that, when the founders consulted And they agreed among themselves to establish a bank in Egypt. At the public and official levels, then amending it again by Law No. 97 of 1996. The bank’s shares met with demand, as the shares subscribed to at the time of incorporation exceeded the times of the shares offered for subscription, until the capital was modified more than once until it has now reached one billion dollars in authorized capital for $ 440.2 million and issued and fully paid money. The bank also manages about 1.7 million An account for the benefit of its clients, and the total assets amounted to about 103 billion pounds at the end of 2019.