Arab Finance: Announce Faisal Islamic Bank of Egypt (FAIT) On the results of its independent, unaudited work for the financial period ending in 30/09/2024which showed achieving a net profit of 8.317 billion pounds, compared to the bank achieving a net profit of 3.472 billion pounds during the same period of the previous year, an increase of 139.5%.
About the results of its unconsolidated, unaudited business for the financial period ending on 06/30/2024, which showed achieving a net profit. assembly It amounted to 6.956 billion pounds, compared to the bank achieving a net profit of 2.943 billion pounds during the same period of the previous year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The bank was established in 1979 and provides banking and investment services compatible with Islamic Sharia. The bank provides its services through three sectors: finance and investment, banking services, and investment custodian services. The Bank sets its sights on providing the necessary financing in various terms (short, medium and long) for all sectors of economic activity, giving special attention to productive sectors of vital importance to the national economy.
The bank carries out financing activity through a variety of financing and investment forms, such as participation financing and Sharia Mudaraba.
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