Islamic banking in Egypt grows 14.3%
Published 22 May,2021 via Daily News Egypt - The Egyptian Islamic Finance Association (EIFA) has revealed that the volume of Sharia-compliant banking in the Egyptian market reached about EGP 378bn by the end of March 2021.
This ensures that this segment makes up about 5.3% of the Egyptian banking market volume, an increase of EGP 47bn, and a growth rate of 14.3% compared to March 2020.
EIFA recently issued its quarterly report on the developments in Islamic banking in the Egyptian market at the end of March 2021, compared to the end of March 2020. It was prepared using reports of banks and the Central Bank of Egypt (CBE) published in March 2020.
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Daily News Egypt