ADIB dominated Egypt’s Islamic banking market in 2025
Abu Dhabi Islamic Bank(ADIB) dominated Egypt’s Islamic banking market last year, accounting for about a third of sectoral assets, deposits and financing. The Emirati lender was also the most profitable Islamic. . .
Abu Dhabi Islamic Bank(ADIB) dominated Egypt’s Islamic banking market last year, accounting for about a third of sectoral assets, deposits and financing. The Emirati lender was also the most profitable Islamic bank in 2025, with net earnings of about $265 million, according to areportby the Beirut-based Union of Arab Banks (UAB). Egypt has four major Islamic banks — ADIB, Faysal Islamic Bank of Egypt,Kuwait Finance House(KFH) and Al-Baraka Bank — in addition to more than 10 traditional banks that have shariah-compliant outlets. At the end of 2025 ADIB controlled around $7. 2 billion in assets, nearly 37 percent of the total held by the country’s Islamic banks, according to the UAB report issued this week. It attracted around $5. 8 billion in customer deposits, nearly a third of all Islamic banks’ deposits of about $18. 7 billion, the report showed. By the end of 2025 ADIB had extended credit of around $3 billion, more than a third of the total credit of $8. 5 billion provided by Egypt’s Islamic banks. By assets, Faysal Islamic Bank of Egypt was the second largest with around $5. 4 billion, followed by KFH with about $3. 6 billion and Al-Baraka with $2. 9 billion. Further reading:Egypt banks on investment surge to increase GDPEgypt lists four state-owned firms in privatisation driveEgypt to open first digital bank later this yearThe four Islamic lenders accounted for around 3 percent of Egypt’s banking assets of $505 billion, the third largest in the Arab world after those of the UAE and Saudi Arabia, according to UAB. ADIB was the world’s sixth-largest Islamic bank by assets at the end of 2025. “ADIB is a large bank with a strong financial performance and extensive retail and corporate offerings… hence it is a major player in Egypt’s banking sector,” said Jamal Banoun, manager of the Riyadh-based SMS economic consultancy. In September 2025, Egyptdecided to allowall its banks to open small services units outside their offices as part of a policy to encourage lenders to expand operations.