The offering has already attracted over $9 billion in investor orders, reflecting robust demand for the country’s Sharia-compliant sovereign debt instruments, it explained.
This growth reflects a surge across all key components of the sector, including Islamic banks' assets, sukuk issuances, and other Sharia-compliant financial products.
Similarly, Islamic financing reached EGP 886 billion, making up 6% of total loans issued nationwide. This reflects a year-on-year increase of EGP 310 billion—also a 54% rise.
The new approvals contribute to a cumulative total of EGP 25.7 billion in sukuk issued on Egypt’s capital market since the first Islamic-compliant sukuk launched in 2020.
Islamic deposits in Egypt stood at EGP 738 billion by December 2024, accounting for 7.3% of total banking sector deposits.
