Egypt’s main agricultural bank is launching Islamic retail services this month to meet increasing demand in rural areas, a bank official told Reuters.
“We are launching sharia-compliant retail banking this month with a portfolio of 50 million pounds ($7.5 million) and can raise that to 100 million” next June based on demand, said Abdel Rahman Al Kafrawi, head of Islamic transactions at Principal Bank for Development and Agricultural Credit (PBDAC)………………………………………..Full Article: Source