1 Hr
Source:
الاقتصادية
Gulf Funds Boost Egypt's Islamic Finance
The article focused on the growth of the Islamic finance industry in Egypt, supported by Gulf investments, despite some structural and regulatory barriers. It noted that the value of this industry exceeded $40 billion by the end of the first half of 2026, with increasing Islamic joint financings and sukuk, which grew by approximately 40% annually. The article also discussed Egypt's efforts in issuing its first sovereign sukuk and transitioning to a regular issuer of sukuk, despite challenges such as limited public debt and low awareness of Islamic banking principles, highlighting promising growth opportunities in the sector.
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