Faisal Islamic Bank of Egypt
Faisal Islamic Bank of Egypt is the first Egyptian Islamic & Commercial Bank that officially started operations on May 7, 1979. The main objective of the bank is to carry out all banking, commercial and investment activities, financing economic and urban development projects in addition to performing various social services through the Zakat Fund.
The bank is a member of the following organisations and associations :
- Association of Egyptian Banks.
- Accounting & Auditing Organisation for Islamic Financial Institutions.
- General Council for Islamic Banks and Financial Institutions – Bahrain.
- Islamic Financial Services Board (IFSB) – Malaysia.