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Islamic finance to grow in Egypt

Posted on 03 August 2012

It has been reported that The Islamic Finance industry in Egypt seems to have bright future in the country as the new government led by an Islamist, President Mohamed Morsi, has been taking keen interest to promote Islamic finance since it has taken the public office.
The world’s first Islamic bank was opened in Egypt in 1963 by Ahmed El Naggar and it seemed that Egypt would lead the world in Islamic Finance but it could not happen. Absence of tight regulations or laws have left Egypt far behind from other countries having rapidly growing Islamic finance industry………………………………………..Full Article: Source

 
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