The Principal Bank for Development and Agricultural Credit will meet with a Bangladeshi delegation this week to discuss possible methods for mutual cooperation between both countries.
The bank seeks exchanging experiences with Bangladesh as the bank (...)
Faisal Islamic Bank of Egypt has received an approval from the Sharia Supervisory Board to conduct transactions of Bai Salam (forward sale), Istisna'a (product manufacturing contract) and Ijarah Al-Khadamat.
Sources said the new services will cater (...)
The Export Development Bank of Egypt (EDBE) has submitted a request to the Central Bank of Egypt (CBE) to get a Sharia-compliant banking license.
Sources said the bank submitted such request last September in order to tap into the increasing demand (...)