Amman-based Ethmar for Islamic Finance is planning to enter the Egyptian market within 3-5 years, says CEO Ziyad El Refaei. The Arab world’s first Islamic micro-financing company says that 40% of finance seekers in Egypt seek Islamic funding, compared to 30% in Jordan.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…