Retail financing in Islamic banks increased by 7.7% during Q1-2025, recording EGP 272.46 bn

Islamic banks operating in the Egyptian market, which include «Abu Dhabi Islamic Bank - ADIB, Kuwait Finance House Bank, Al Baraka Bank, and Faisal Islamic Bank of Egypt», were able to increase their total retail banking financing portfolios «individual financing», with a combined growth rate of 7.7% during the first quarter of 2025, recording 272.46 billion pounds by the end of March 2025, compared to 253.06 billion pounds by the end of 2024.

In terms of the growth of the individual financing portfolio in each individual bank, Abu Dhabi Islamic Bank Egypt «ADIB» achieved an increase of 7.9% during the first quarter of this year, recording EGP 122.43 billion by the end of March 2025, compared to EGP 113.48 billion by the end of 2024, accounting for 44.9% of the total retail banking financing in the Islamic banking sector in Egypt by the end of last March.

Kuwait Finance House Bank Egypt was able to increase its total individual financing portfolio at a growth rate of 10.6% during the first quarter of this year, reaching EGP 101.13 billion by the end of March 2025, compared to EGP 91.48 billion by the end of 2024, thus capturing a market share of 37.1% of the total retail banking financing in the Islamic banking sector in Egypt by the end of March 2025.

It is worth noting that last January, it was announced that the new visual identity of Ahli United Bank – Egypt would be launched, 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.

Total individual financing at Al Baraka Bank Egypt increased at a growth rate of 1.2% during the first quarter of this year, recording a portfolio size of EGP 44.43 billion by the end of March 2025, compared to EGP 43.89 billion by the end of 2024, and obtaining a market share of 16.3% of total retail financing disbursed in the Islamic banking sector in Egypt by the end of last March.

As for Faisal Islamic Bank, the volume of its individual financing increased at a growth rate of 5.9% during the first quarter of this year, after recording its total portfolio of EGP 4.46 billion at the end of March 2025, compared to EGP 4.21 billion at the end of 2024, and it obtained a market share of 3.6% in terms of total retail banking financing in the Islamic banking sector in Egypt at the end of March 2025.