Egypt’s Faisal Islamic Bank business rises 13.3% in January

Faisal Islamic Bank of Egypt reported on Wednesday a 13.3 percent growth in its business volume to reach 95.77 billion Egyptian pounds ($5.4 billion) last January from 84.5 billion pounds last year.

The Islamic lender’s total assets rose 13 percent to 94.1 billion pounds during January 2019 against 83.27 billion pounds during the same period in 2018, according to a bourse filing.

Current accounts and saving schemes increased 11 percent to 79.7 billion pounds.

Moreover, the bank’s liquid assets grew by 7.3 percent to 5.29 billion pounds last month.