Faisal Islamic Bank of Egypt

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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, Egypt report}.

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: National Bank of Egypt (NBE) (National Bank of Egypt NBE; Egypt's largest commercial bank by assets) + CIB (Commercial International Bank Egypt) (Commercial International Bank CIB; CASE: COMI) + Banque Misr (BM Online + onebank) (Banque Misr) + QNB AlAhli (QNB Al Ahli Bank Egypt; QNB Qatari parent ~95%+ controlling) + Arab African International Bank (AAIB) (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
^{Egypt report} In-corpus: reports/countries/EG-egypt.md

Source

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