Arab Finance: Faisal Islamic Bank’s consolidated net profits after tax and non-controlling interest surged by 136.4% year on year (YoY) in the first half (H1) of 2024 to EGP 6.957 billion, compared to EGP 2.943 billion, according to a statement.

Meanwhile, net interest income went up to EGP 4.625 billion from EGP 3.401 billion.

The bank reported previously a 142.5% YoY increase in standalone net profits after tax in H1 of 2024 to EGP 6.552 billion, compared to EGP 2.702 billion.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services per Islamic Sharia principles through its head office and 27 branches across the country.

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