Egypt: Islamic banks and finance
Checked on October 12, 2026
Egypt has had Islamic banks since 1979 without a separate Islamic banking law: they are supervised by the Central Bank of Egypt (CBE) under Banking Law 194 of 2020, while takaful insurance and sukuk fall under the Financial Regulatory Authority (FRA). Law 138 of 2021 set up sovereign sukuk, first issued in February 2023. The market includes fully Islamic banks (Faisal Islamic Bank of Egypt, Al Baraka Bank Egypt, ADIB Egypt) as well as state-owned and private banks with Islamic branches, such as Banque Misr. Islamic finance remains a minority compared with conventional banks, and several FRA-licensed takaful companies offer life and property cover.
The 5 providers
-
Faisal Islamic Bank of Egypt
Islamic bank- Since
- 1979
- Supervision
- CBE
- Products
- Current account, Card, Savings, Personal finance, Business, Investments
-
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt)
Islamic bank- Group
- Abu Dhabi Islamic Bank (ADIB)
- Since
- 2013
- Supervision
- CBE
- Products
- Current account, Card, Savings, Car finance, Personal finance, Business
Formerly the National Bank for Development, acquired by ADIB in 2007, the bank has operated as ADIB Egypt since 2013.
-
Al Baraka Bank Egypt
Islamic bank- Group
- Al Baraka Group (Bahreïn)
- Since
- 1980
- Supervision
- CBE
- Products
- Current account, Card, Savings, Car finance, Personal finance, Business, Investments
-
Banque Misr – Islamic Banking
Islamic window- Group
- Banque Misr (État égyptien)
- Supervision
- CBE
- Products
- Current account, Savings, Business
- Contracts
- Murabaha
In 2026 the state-owned bank offers Islamic services to individuals and, under the “Kenana” brand, murabaha financing for micro, small and medium-sized businesses.
-
Kuwait Finance House – Egypt (KFH Egypt)
Islamic bank Activity to be confirmed- Group
- Kuwait Finance House (KFH)
- Supervision
- CBE
Formerly Ahli United Bank Egypt, which came under KFH control after the 2022 merger in Kuwait, the bank was renamed KFH Egypt; its website was unreachable in October 2026 and the status of its conversion to Islamic banking could not be verified.
Before you commit
- Ask for the names of the Shariah board members and their published rulings on the product.
- Check that the provider is authorised by the country’s regulator.
- Compare the total cost, not just the monthly payment: the calculators in this section can help.
- Read the contract: who owns the property, who bears the risk, late-payment charges and where they go.