Company: Faisal Islamic Bank of Egypt
Country: Egypt
Sector: Regional Banks
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Cairo, Egypt
Founded: 1977
Valuation/Revenue: $547.5m market value (African Business Top 250, 2025)
Faisal Islamic Bank of Egypt (FAB Misr) is one of Egypt’s pioneering Sharia-compliant banks, offering Islamic banking products including current and investment accounts, savings certificates and mutual funds to retail and corporate customers across Egypt. Incorporated in 1977 and beginning operations in 1979, it was among the first modern Islamic banks established in the Arab world.
What Does Faisal Islamic Bank of Egypt Do?
Faisal Islamic Bank of Egypt provides a full suite of Sharia-compliant banking services structured to avoid interest (riba) in favour of Islamic finance principles such as profit-sharing, leasing (ijara) and cost-plus financing (murabaha). Its offerings span current and investment accounts, joint accounts, Islamic savings certificates, and mutual funds, serving individual depositors as well as businesses seeking Sharia-compliant financing. As of 2025, the bank reported serving approximately 2.5 million current accounts, reflecting a substantial retail deposit base built over nearly five decades of operation in the Egyptian market.
Is Faisal Islamic Bank of Egypt Legit?
Yes. It is regulated by the Central Bank of Egypt and has operated continuously since 1979, making it one of the longest-established Islamic banks in the world. It has been recognised in Forbes’ list of Egypt’s 50 most valuable companies for 2026, underscoring its standing as a substantial, credible financial institution within the Egyptian market rather than a fringe or informal operator.
How Big Is Faisal Islamic Bank of Egypt?
African Business magazine’s Top 250 companies in Africa list valued Faisal Islamic Bank of Egypt at approximately $548 million in its 2025 ranking. An earlier disclosed figure put its market capitalisation at around $402 million in September 2016, meaning the bank’s valuation has grown meaningfully over the intervening years even amid periods of Egyptian pound devaluation that have complicated dollar-denominated comparisons for Egyptian companies generally.
Who Owns Faisal Islamic Bank of Egypt?
Faisal Islamic Bank of Egypt operates as a joint-stock company with historical ties to Saudi Arabian banking interests associated with Prince Mohammed al-Faisal, part of a wider network of Faisal Islamic Banks established across several countries (including Sudan and elsewhere) from the late 1970s onward as part of an early wave of institutionalised Islamic finance expansion backed by Gulf capital.
How Old Is Faisal Islamic Bank of Egypt?
The bank was incorporated in 1977 and commenced operations in 1979, giving it close to five decades of history and making it one of the pioneering institutions in the modern global Islamic banking movement, predating the more recent wave of Islamic finance growth seen across the Gulf and Southeast Asia from the 1990s onward.
What Has Faisal Islamic Bank of Egypt Been in the News For?
The bank’s most notable historical footnote outside banking circles is an unusual one: it provided early funding, alongside other backers, for the ambitious animated film project The Thief and the Cobbler by animator Richard Williams in the late 1970s, a detail that occasionally surfaces in film history retrospectives rather than financial coverage. In more conventional business terms, its inclusion in Forbes’ 2026 ranking of Egypt’s 50 most valuable companies reflects continued strong standing in the Egyptian corporate landscape.
How Does Faisal Islamic Bank of Egypt Compare to Its Competitors?
Within Egypt’s Islamic banking segment, Faisal Islamic Bank competes with Al Baraka Bank Egypt and the Islamic banking windows of conventional Egyptian banks such as Banque Misr and National Bank of Egypt. More broadly within Egypt’s banking sector, it sits alongside larger conventional banks like Commercial International Bank (CIB) and QNB Alexandria, though its Sharia-compliant positioning gives it a distinct customer base drawn to Islamic finance principles specifically.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Faisal Islamic Bank of Egypt legit?
Yes, it is a Central Bank of Egypt-regulated Islamic bank operating continuously since 1979, and features in Forbes’ 2026 ranking of Egypt’s most valuable companies.
Who owns Faisal Islamic Bank of Egypt?
It is a joint-stock company with historical ties to Saudi Arabian banking interests linked to Prince Mohammed al-Faisal.
How big is Faisal Islamic Bank of Egypt?
African Business’s Top 250 ranking valued it at approximately $548 million in 2025.
When was Faisal Islamic Bank of Egypt founded?
Incorporated in 1977, with operations beginning in 1979.
Where is Faisal Islamic Bank of Egypt headquartered?
In Cairo, Egypt.
Is Faisal Islamic Bank of Egypt Sharia-compliant?
Yes, it operates entirely on Islamic banking principles.