In Egypt, Islamic banking accounts for about 6% of country’s banking sector. In Egypt, Islamic finance aims to offer a halal financing solution to Egyptians Muslims and non-Muslims who wish in the context of Islamic sharia to acquire through the use of halal financial products Islamic mortgage in Egypt.
In Egypt Islamic Finance is registering a growth of 30% in comparison to 2017 with Islamic bank assets reaching 200 billion Egyptian pounds used by 250 Islamic banking branches in Egypt serving 3 million customers.
In Egypt, there are currently 15 banks offering an Islamic finance window including three financial institutions with a full Islamic license.
Egypt Islamic mortgage is growing and several Egyptian and foreign Islamic banks offers mortgage financing in compliance with the sharia principles in form of Murabaha.
Egyptian Islamic mortgage lenders offer comprehensive and fully Shariah Compliance Home Financing solution with a repayment period of up to 15 years as well as special halal financing programs which is available for non-resident in Egypt.
EGYPT'S ISLAMIC MORTGAGE LENDERS