Faisal Islamic Bank of Egypt

Establishment and Legal Framework

Faisal Islamic Bank of Egypt is an Egyptian joint-stock company. The bank was established under its own special legal framework, a structure that defines its operational and regulatory foundation within the country's financial system.

The institution commenced its banking operations in 1979. As a publicly traded entity, its shares are listed on the Egyptian stock exchange, making it a public joint-stock bank.

Sharia-Compliant Operations

The bank operates entirely in accordance with the principles of Islamic Sharia. This guiding framework governs all of its financial transactions, investment activities, and product offerings, distinguishing it from conventional banking institutions.

To ensure adherence to its Islamic mandate, the bank maintains a dedicated religious supervisory structure. This body provides oversight and validates that all operations remain Sharia-compliant.

Client Segments

Faisal Islamic Bank of Egypt provides services to both corporate and retail clients. For its corporate customers, the bank offers a range of financial solutions, including various forms of Islamic financing.

The bank's corporate services extend to financing for Small and Medium-sized Enterprises (SMEs). For individual customers, the bank provides a suite of retail banking products and accounts designed to meet personal financial needs.

Core Banking and Savings Products

The bank's product portfolio includes several types of accounts. Customers can open current accounts for transactional purposes as well as investment-style accounts that operate based on Islamic finance principles.

In addition to deposit accounts, the institution offers savings products, such as savings certificates. It also provides payment cards for use by its retail and corporate clients.

Investment and Market Services

The bank is active in the investment sector, offering access to financial instruments such as mutual funds. These funds are structured to be compliant with Islamic investment guidelines.

Further services include support for trade finance activities, providing instruments necessary for facilitating domestic and international trade. The bank also offers brokerage-related support to its clients.

Digital Channels and Reporting

Faisal Islamic Bank of Egypt provides digital access to its services through channels named Faisal Online and Faisal Cash. These platforms facilitate customer interactions with the bank.

The institution demonstrates a commitment to transparency through the publication of official reports. This includes annual reports and sustainability-related disclosures, which incorporate Environmental, Social, and Governance (ESG) framing.