The conversion rate as of January 13, 2025 was 1 USD = 50.5074 EGP.
The repayment period for each service is as follows:Â
Club memberships: up to 7 years
Education and tuition fees: up to 5 years
Travel and tourism services: up to 5 years
Maintenance services: up to 1 year
The Ijarah client must be at least 21 years old, with a minimum income of 3,000 Egyptian pounds.
"Ijarah" is an Islamic leasing arrangement where a bank or financial institution purchases an asset and then leases it to a customer for an agreed-upon rental fee. The customer uses the asset for a specified period, and the bank retains ownership. At the end of the lease term, the customer may have the option to purchase the asset. Ijarah avoids interest (riba) as it is based on the rental of an asset rather than a loan, and the terms are clearly defined. It's commonly used for leasing vehicles, equipment, or property.
Citation formats
Ijarah financing amounts from Faisal Islamic bank of Egypt 2024, by service
As of 2024, Faisal Islamic bank in Egypt offered a maximum financing amount of * Egyptian pounds, around * U.S. dollars, under the Ijarah service system. Education and tuition fees, on the other hand, had a maximum financing amount of ** Egyptian pounds, almost * U.S. dollars.
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Faisal Islamic Bank of Egypt. (January 12, 2025). Ijarah financing amounts from Faisal Islamic bank of Egypt in 2024, by type of service (in 1,000 Egyptian pounds) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/
Faisal Islamic Bank of Egypt. "Ijarah financing amounts from Faisal Islamic bank of Egypt in 2024, by type of service (in 1,000 Egyptian pounds)." Chart. January 12, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/
Faisal Islamic Bank of Egypt. (2025). Ijarah financing amounts from Faisal Islamic bank of Egypt in 2024, by type of service (in 1,000 Egyptian pounds). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/
Faisal Islamic Bank of Egypt. "Ijarah Financing Amounts from Faisal Islamic Bank of Egypt in 2024, by Type of Service (in 1,000 Egyptian Pounds)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Jan 2025, /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/
Faisal Islamic Bank of Egypt, Ijarah financing amounts from Faisal Islamic bank of Egypt in 2024, by type of service (in 1,000 Egyptian pounds) ÌÇÐÄÆƽâ°æ, /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/ (last visited August 04, 2026)
Ijarah financing amounts from Faisal Islamic bank of Egypt in 2024, by type of service (in 1,000 Egyptian pounds) [Graph], Faisal Islamic Bank of Egypt, January 12, 2025. [Online]. Available: /statistics/1550530/ijarah-financing-amounts-from-faisal-islamic-bank-of-egypt-by-service/
