Islamic Finance
Market Forecasts
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Islamic banking growth in Egypt seen at 50% in 2014
Islamic banking in Egypt is set to grow by 50% this year, fuelled by increased demand from Gulf companies and as banks look to employ liquidity, the chairman of state-owned United Bank, Mohamed Ashmawy, told Zawya. He said Islamic banking accounted for 8.1% of total financing in Egypt, standing at…
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