Islamic finance assets in Egypt are expected to grow to $10 billion in 2013 from $6 billion in 2007
CAIRO – Following the overthrow of President Hosni Mubarak, prospects are rising for Egypt to become a new hub for the booming Islamic finance.
"I prefer Islamic finance,” Amal Abbas, a 50-year-old research center manager, told Reuters on Thursday, April 21.
“It keeps me far from usury and I feel my money is blessed," said the veiled woman as she waited for her turn to place a deposit at Cairo’s Al Baraka Egypt Bank, one of the country’s two fully-fledged Islamic banks.
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