Faisal Islamic Bank of Egypt

Key details

• Parent: Prince Mohammed bin Faisal Al Saud

Overview

Faisal Islamic Bank of Egypt is Egyptian Islamic commercial bank + Dar Al-Maal Al-Islami Trust DMI Trust Saudi Faisal Foundation Islamic financial group + Egyptian retail + institutional + foreign investors free float + Egypt's first Islamic commercial bank + founded Jul 17 1977 in Cairo Egypt as Egypt's pioneer Islamic commercial bank by Prince Mohammed bin Faisal Al Saud [1, eg-cro].

History

Jul 17 1977 — Faisal Islamic Bank of Egypt founded in Cairo Egypt as Egypt's pioneer Islamic commercial bank by Prince Mohammed bin Faisal Al Saud under Egyptian president Sadat-era Egyptian banking liberalisation distinctive Egyptian Islamic banking heritage as Egypt's first Islamic commercial bank.

2014 — Faisal Islamic Mobile banking app launch.

Ownership & operator

Operating entity: Faisal Islamic Bank of Egypt (Egyptian Islamic commercial bank).

Major shareholders: Dar Al-Maal Al-Islami Trust DMI Trust (Saudi Faisal Foundation Islamic financial group; founded by Prince Mohammed bin Faisal Al Saud Saudi royal) + Egyptian retail + institutional + foreign investors free float.

Regulators: Central Bank of Egypt CBE.

Technical integration

Faisal Islamic Mobile app (iOS + Android) + faisalbank.com.eg online + Faisal Islamic Bank of Egypt branch network across Egypt + Faisal Visa + Mastercard + Meeza Egyptian national card scheme (Islamic-compliant); Meeza national card scheme + Meeza QR (Egyptian national QR payment scheme) + Egyptian Pound EGP domestic transfers.

Implementations & partners

Major Egyptian banking + payments competitors: [[nbe-egypt]] (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + [[cib-egypt]] (Commercial International Bank CIB; CASE: COMI) + [[banque-misr]] (Banque Misr) + [[qnb-alahli]] (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + [[aaib-egypt]] (Arab African International Bank AAIB) + [[adib-egypt]] (ADIB Egypt; Abu Dhabi Islamic Bank Egyptian subsidiary).

Regulators: Central Bank of Egypt CBE.

Status

Active, Egyptian Islamic commercial bank + Dar Al-Maal Al-Islami Trust DMI Trust Saudi Faisal Foundation Islamic financial group + Egyptian retail + institutional + foreign investors free float + Egypt's first Islamic commercial bank + founded Jul 17 1977 in Cairo Egypt as Egypt's pioneer Islamic commercial bank by Prince Mohammed bin Faisal Al Saud [1, 2].

Sources

• 1 Faisal Islamic — official
• 2 Faisal Islamic — Wikipedia
• eg-cro In-corpus: reports/countries/EG-egypt.md

Source

Biography extracted from faisal-egypt.md. See matrix.md for standards-support matrix if present.