Faisal Islamic Bank of Egypt

{{Short description|Islamic bank based in Cairo, Egypt}}

{{Infobox company

| name = Faisal Islamic Bank of Egypt

| logo =

| type = Joint-stock company

| industry = Banking

| founded = {{Start date |1979|7|5}}

| founder =

| hq_location_city = Cairo

| hq_location_country = Egypt

| key_people =

| products = Islamic banking

| num_employees =

| num_employees_year =

| parent =

| website = {{URL|http://www.faisalbank.com.eg/}}

}}

Faisal Islamic Bank of Egypt SAE is a "shariah-compliant" financial institution based in Egypt and headquartered in Cairo, with a market capitalization of $402 million as of September 2016.{{cite web|title=Faisal Islamic Bank Of Egypt S.A.E.|url=https://www.emis.com/php/company-profile/EG/Faisal_Islamic_Bank_Of_Egypt_SAE__%D8%A8%D9%86%D9%83_%D9%81%D9%8A%D8%B5%D9%84_%D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%89_%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89__en_2030622.html|website=emis.com|access-date=16 September 2016|archive-date=23 September 2016|archive-url=https://web.archive.org/web/20160923000857/https://www.emis.com/php/company-profile/EG/Faisal_Islamic_Bank_Of_Egypt_SAE__%D8%A8%D9%86%D9%83_%D9%81%D9%8A%D8%B5%D9%84_%D8%A7%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%89_%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%89__en_2030622.html|url-status=live}}{{cite web|title=Faisal Islamic Bank of Egypt SAE (FAITA.CA)|url=https://www.reuters.com/finance/stocks/overview?symbol=FAITA.CA|website=reuters.com|access-date=16 September 2016|archive-date=17 September 2016|archive-url=https://web.archive.org/web/20160917080155/http://www.reuters.com/finance/stocks/overview?symbol=FAITA.CA|url-status=live}} It is a joint-stock company and was incorporated in 1977 but started operating in 1979. Bloomberg News reports it provides "various" commercial "banking products and services in Egypt and internationally", such as "current and investment accounts, and joint accounts; saving certificates; and mutual funds".{{cite web|title=Company Overview of Faisal Islamic Bank of Egypt (S.A.E.)|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11311810|website=bloomberg.com|access-date=16 September 2016|date=September 16, 2016|archive-date=17 September 2016|archive-url=https://web.archive.org/web/20160917091001/http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11311810|url-status=live}}

According to the bank, it was "the first Egyptian Islamic and Commercial bank". Another source describes it as "part of the banking empire" established by Saudi Prince Mohammed al-Faisal and associated with Saudi Arabia's conservative political and religious influence in Egypt.{{cite web|title=Context of '1976: Faisal Islamic Bank of Egypt Founded, Funds Political Growth of Islamist Movement'|url=http://www.historycommons.org/context.jsp?item=western_support_for_islamic_militancy_202707|website=History Commons|access-date=16 September 2016|archive-date=17 September 2016|archive-url=https://web.archive.org/web/20160917085810/http://www.historycommons.org/context.jsp?item=western_support_for_islamic_militancy_202707|url-status=live}}

Among the bank's first activities was providing animator/musician Richard Williams with funding for his passion project The Thief and the Cobbler (1978–79).