Islamic banking sector assets in Egypt increased by 6% during Q1-2025, recording EGP 816.64 bn

The Islamic banking sector in Egypt, which includes the banks «Abu Dhabi Islamic Bank ADIB, Kuwait Finance House Egypt, Al Baraka, and Faisal Islamic», was able to achieve an increase in their total asset portfolios «combined», with a growth rate of 6% during the first quarter of 2025, to record 816.64 billion pounds.By the end of March 2025, compared to 770.65 billion pounds by the end of 2024, an increase of 45.99 billion pounds.

In terms of growth in the size of each individual bank’s portfolio, Abu Dhabi Islamic Bank Egypt «ADIB» achieved growth in its total assets at a rate of 9% and an increase of 23.25 billion pounds during the first quarter of this year, recording 282.09 billion pounds by the end of March 2025, compared to 258.84 billion pounds by the end of 2024.With a market share of 34.54% in terms of assets of the Islamic banking sector in Egypt at the end of last March.

Kuwait Finance House Bank Egypt was able to increase the size of its asset portfolio by about 11.31 billion pounds, with a growth rate of 8% during the first 3 months of this year, to reach 155.10 billion pounds by the end of March 2025, compared to 143.79 billion pounds by the end of 2024, thus obtaining a market share of 18.99%.Of the total assets of the Islamic banking sector in Egypt at the end of last March.

It is worth noting that last January, the launch of the new visual identity of Ahli United Bank – Egypt was announced, transforming it into Kuwait Finance House Bank - Egypt «KFH», as part of a historic step that would constitute a real addition to Islamic banking services in Egypt.

Al Baraka Bank Egypt was able to increase its total asset portfolio with a growth rate of 5.1% and an increase of 6.52 billion pounds during the first quarter of this year, bringing the size of its portfolio to 134.31 billion pounds by the end of March 2025, compared to 127.79 billion by the end of 2024, and obtaining a market share of 16.45% of Total assets of the Islamic banking sector in Egypt at the end of last March.

As for Faisal Islamic Bank, its total asset portfolio increased by 2%, with an increase of 63.27 billion pounds during the first quarter of this year, as the size of its portfolio reached about 245.14 billion pounds at the end of March 2025, compared to 240.23 billion pounds at the end of 2024, and it acquired a market share of 30.02% in terms of The volume of assets of the Islamic banking sector in Egypt at the end of last March.