Islamic banking is considered one of the fastest-growing sectors in the financial industry worldwide extending across the Middle East, South East Asia, Africa and Europe. It promotes, develops and applies Islamic sharia' standards, principles, and traditions to financial, banking and business transactions and encourages investment companies to operate in line with Sharia' standards. Introduced in the Middle East "Egypt" over 40 years ago ,
the Islamic banking market today is worth more than USD 2 trillion worldwide
Bank Audi (Egypt) is a leader in the Egyptian privately owned banking sector in both conventional and Islamic finance, boasting a fully-fledged Sharia' board and an expanding list of Sharia'-compliant solutions. We also recognize that today’s corporate needs require a creative and solution-oriented partner in finance. The Islamic Banking Division represents its dedication to providing innovative banking solutions that uphold clients’ beliefs and moral codes. The division adopts a stakeholder-focused approach, with an emphasis on creating long-lasting relationships based on the dynamic and ever-changing needs of clients and the marketplace.
Through acquisition of Cairo Far East Bank sae in March 2006, a small Egyptian bank with only 3 branches, Bank Audi Egypt with its dynamic strategy evolved to be one of the market key players today with a network of 53 branches.