IslamicFinance.de

Two weeks after the launch of the 037037 bank account to collect donations to help Egypt’s economy, the total value of donations exceeded EGP 400m, the Central Bank of Egypt’s (CBE) informed. The latest donation was from a Saudi businessman who contributed EGP 214m to the fund. The CBE announced in a Tuesday statement that donations from banks operating in the Egyptian market have increased to record around EGP 160m, including EGP 20m from State-run Banque Misr, Banque du Caire and National Bank of Egypt each. Other contributing banks include the Commercial International Bank (CIB), Arab African International Bank, Emirates NBD, the United Bank, QNB Al-Ahli, Faisal Islamic Bank of Egypt, SAIB, Egyptian Gulf Bank and Arab International Bank (AIB).