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Al-Awqaf raises charity loan to 20M pounds
The Ministry of Awqaf has increased the value of its initial interest-free loan installment to 20 million EGP during the 2026/2027 fiscal year, aiming to support employees and meet the rising demand for loans. The first installment benefits 1,056 recipients and allocates funds to priority groups, such as people with special needs (1.7 million EGP for 85 beneficiaries), newlyweds (1.24 million EGP for 62 beneficiaries), and workers in border governorates (1.6 million EGP for 80 beneficiaries). Additionally, support is provided to families in need and those affected by health situations. The loan is interest-free, with no administrative fees, and is intended to assist with living expenses, education, and healthcare, with installments possibly distributed throughout the year.
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