Faisal Islamic Bank of Egypt SAE is a "shariah-compliant" financial institution based in Egypt and headquartered in Cairo, with a market capitalization of $402 million as of September 2016.[1][2] It is a joint-stock company and was incorporated in 1977 but started operating in 1979.[1] Bloomberg News reports it provides "various" commercial "banking products and services in Egypt and internationally", such as "current and investment accounts, and joint accounts; saving certificates; and mutual funds".[3]
According to the bank it was "the first Egyptian Islamic and Commercial bank".[1] Another source describes it as "part of the banking empire" established by Saudi Prince Mohammed al-Faisal, and associated with Saudi Arabia's conservative political and religious influence in Egypt.[4]
Among the bank's first activities was they provided animator/musician Richard Williams with funding for his passion project The Thief and the Cobbler (1978–79).
^ abc"Faisal Islamic Bank Of Egypt S.A.E." emis.com. Archived from the original on 23 September 2016. Retrieved 16 September 2016.
^"Faisal Islamic Bank of Egypt SAE (FAITA.CA)". reuters.com. Archived from the original on 17 September 2016. Retrieved 16 September 2016.
^"Company Overview of Faisal Islamic Bank of Egypt (S.A.E.)". bloomberg.com. September 16, 2016. Archived from the original on 17 September 2016. Retrieved 16 September 2016.
^"Context of '1976: Faisal Islamic Bank of Egypt Founded, Funds Political Growth of Islamist Movement'". History Commons. Archived from the original on 17 September 2016. Retrieved 16 September 2016.
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British International School formed. 1979 Egypt Today magazine begins publication. FaisalIslamicBankofEgypt established. Sister city relationships established...
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Commercial BankFaisalIslamicBank Sudanese French Bank National Bankof Sudan Blue Nile Mashreq Bank Sudanese IslamicBank Tadamon IslamicBankIslamic Cooperative...
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Faisal was defeated and taken to Egypt as a prisoner for the second time in 1838. The Egyptians installed Khalid bin Saud, last surviving brother of Abdullah...
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