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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]
The Faisal Islamic Bank, whose principal patron was the Saudi prince, Muhammad ibn Faisal al-Saud, was established in 1977. [2] The open-door policy enabled Saudi Arabia, which had a huge surplus after the 1973 OPEC increases in the price of petroleum, to invest in Sudan. [2]
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 ...
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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;
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