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Cairo – September 29, 2024: The Islamic banking sector continues to gain traction as it surged by 31.1 percent year-on-year in June 2024, reaching LE 737 billion compared to LE 175 billion in June 2023, according to a September report by the Egyptian Islamic Finance Association (EIFA).
Islamic banking now represents 4 percent of the overall Egyptian banking sector, supported by 14 banks licensed by the Central Bank of…
