Arab Finance: Company announced Faisal Islamic Bank of Egypt (FAIT)On indicators of the bank’s business results Collected Unaudited for the financial period ending on 09/30/2024, which showed achieving a net profit of 8.989 billion pounds, compared to a net profit of 3.786 billion pounds for the same period of the previous year, with a growth rate of 137.4%.
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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