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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 ]
According to public records, 19 percent of the Faisal Islamic Bank is owned by the Dar Al-Maal Al-Islami Trust, or simply DMI Trust, also headed by Prince Faisal. The $3.5 billion DMI Trust, whose slogan is "Allah is the purveyor of success," was founded in 1981 to foster the spread of Islamic banking across the Muslim world.
Ahli United Bank - Egypt (AUB), part of Ahli United Bank Group; Faisal Islamic Bank of Egypt; Housing and Development Bank (HD-Bank), state-controlled; Al Baraka Bank of Egypt S.A.E. National Bank of Kuwait - Egypt (NBK), part of National Bank of Kuwait Group; Abu Dhabi Islamic Bank - Egypt (ADIB), part of Abu Dhabi Islamic Bank Group
[7] [8] The bank was part of a broader initiative by the Dar al-Maal al-Islami Trust (DMI), a Geneva-based organization founded in 1981 to promote Islamic banking worldwide. [4] Faysal Bank's operations in Pakistan consisted of the branch operations established in 1987 and Faisal Islamic Investment Bank, which was set up in 1996. [4]
Askari Bank Limited; MCB Islamic Banking; UBL Islamic Banking; HBL Islamic Banking; NBP Islamic Banking; Bank Al Habib Islamic Banking; Bank of Punjab Islamic Banking; Faysal Bank (Islamic) HabibMetro (Sirat Islamic Banking) Silk Bank (Emaan Islamic Banking) Bank Of Khyber (Islamic Window) These are the names of Islamic banks having ...
Mohammed bin Faisal was the winner of the 2007 IDB Prize in Islamic Banking and Finance which is awarded by Islamic Research and Training Institute of the Islamic Development Bank. [49] He was among the 500 influential Muslims list developed by Georgetown University's center for Muslim-Christian understanding in 2009. [50]
ABC Islamic Bank (E.C.) Al Baraka Banking Group B.S.C. (c) Arab Islamic Bank (E.C) ... Faisal Islamic Bank of Egypt; Gharbia National Bank for Development;
The Faisal Islamic Bank in Khartoum. Asset-backed or debt-type instruments (also called contracts of exchange) are sales contracts that allow for the transfer of one commodity for another commodity, the transfer of a commodity for money, or the transfer of money for money. [250] They include Murabaha, Musawamah, Salam, Istisna’a, and Tawarruq ...
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