The political party of Egypt’s Muslim Brotherhood, which has the biggest bloc in parliament, is proposing changes to the banking law with the goal of boosting the market share of Islamic banks to 35 percent in five years from 5 percent now, a party member said.
Ahmed al-Najjar, a member of the Freedom and Justice Party’s economic committee, told Reuters that the proposals envisaged a new Islamic banking section being added to the law, which now has no specific regulations covering Islamic banks………………………………………..Full Article: Source