The Clap:
Faisal Islamic Bank (FIB) has brought in more than EGP six billion in net income for the three months ending in March.
Return on Musharaka, Murabaha, and Mudaraba:
The lender saw EGP 4.9 billion in returns from its Shariah-compliant financing structures, up 36.7% YoY.
Net interest income (NII) and sales:
The bank reported EGP 1.98 billion in NII and sales for 1Q, rising 11.47% YoY.
Fees and commissions income
rose to EGP 151.3 million, up 24.4% YoY.
Net profit:
FIB saw its bottom line rise a considerable 178.8% YoY in the first quarter to EGP 6.18 billion
