Islamic Banks’ assets portfolio jumps to EGP354.38 bn, by end of 2022

Islamic banks (ADIB, Faisal Bank and alBaraka Islamic Bank) were able to jump with their total assets to EGP354.38 bn by the end of 2022, compared to EGP 302.8 bn by the end of 2021, a growth rate of 17.03%, and an increase of EGP51.58 bn.

Abu Dhabi Islamic Bank's assets jumped by 29.14%, to record EGP 115.52 bn at the end of last year, compared to EGP89.45 bn at the end of 2021, an increase of EGP26.07 bn.

Assets portfolio of Faisal Bank increased to EGP151.64 bn by the end of 2022, compared to EGP130.98 bn by the end of 2021, achieving a growth rate of 15.77%, and an increase of EGP20.65 bn.

alBaraka Bank’s assets portfolio rose from EGP82.37 bn at the end of 2021 to EGP87.22 bn at the end of 2022, achieving a growth rate of 5.90%, an increase of EGP4.86 bn.