Best Islamic bank: ADIB Egypt
Abu Dhabi Islamic Bank (ADIB) Egypt’s growth during the past year reflected more than balance-sheet expansion. The bank strengthened its position in the country by combining product innovation, rapid digitalisation and broad-based growth across retail and corporate banking within a fully Shariah-compliant model.
The scale of that expansion was striking. By September 2025, total assets had risen to EGP325.8 billion, while customer deposits increased to EGP263.5 billion and net customer financing reached EGP139.8 billion. Net profit rose 39% year-on-year, supported by one of the market’s lowest cost-to-income ratios.
Retail banking remained a central strength. ADIB Egypt continued launching high-yield Shariah-compliant savings and sukuk products tailored to different customer segments, including the floating suk and wekala, Al Ghina and Diamond proposition, and the revamped profit-in-advance campaign. These products attracted billions of Egyptian pounds in inflows and helped reinforce the bank’s position as a market leader in Islamic liabilities products.
The bank also accelerated its digital banking strategy. New capabilities included linking the mobile wallet with internet banking, InstaPay integration, self-registration through the wallet application and branch-appointment booking via mobile banking. The emphasis on customer experience and accessibility extended further through Braille banking documentation, accessibility upgrades across branches and specialised staff training to support customers with disabilities.
Corporate banking performance was also strong. The corporate financing portfolio grew by approximately EGP31 billion during 2025, while the bank arranged a landmark EGP7 billion Islamic financing facility for the Egyptian Authority for Unified Procurement, supporting pharmaceutical reform projects. ADIB Egypt also expanded trade finance partnerships with the International Finance Corporation (IFC) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), while significantly increasing transaction volumes through its remittance and digital payments platforms.
Beyond financial performance, ADIB Egypt continued investing heavily in talent, sustainability and institutional development, supported by a workforce of more than 4,000 employees and extensive sustainability training programmes across the organisation.
Best Islamic fund manager: Beltone Financial
Beltone Financial is Egypt’s Best Islamic fund manager, recognised for its growing market presence, disciplined investment approach and ability to deliver Shariah-compliant strategies at scale. Through its asset management platform, the group combines institutional-grade infrastructure with a focused commitment to Islamic investment principles, enabling it to offer a credible and increasingly differentiated proposition to investors.
The strength of this positioning is reflected in its expanding presence within Egypt’s rapidly developing Islamic asset management landscape. The firm has built a sizeable position in the country’s Shariah-compliant mutual fund market, supported by broadening product capabilities and a widening distribution reach, particularly through digital channels. This underscores Beltone’s ability to compete effectively in a relatively concentrated segment while continuing to deepen engagement across a growing investor base.
Beltone applies a unified investment platform across all mandates, ensuring consistent investment discipline, centralised risk oversight and efficient execution. Islamic strategies benefit from the same senior portfolio management expertise, research capabilities and governance processes, supported by structured screening, financial ratio monitoring and ongoing compliance oversight.
The firm also demonstrates capability across a range of Islamic strategies, including equity, liquidity and index-tracking funds. Supported by a global investment technology platform, it delivers end-to-end portfolio management – from execution and compliance to performance reporting – enhancing efficiency and transparency.
By combining scale, disciplined processes, strong infrastructure and increasing distribution reach, Beltone Financial has established itself as a leading Islamic fund manager in Egypt.
Best Islamic real estate deal: Banque Misr
Inertia/AK for real estate development and marketing EGP5.2 billion syndicated Islamic mudarabah facility
The best Islamic real estate deal in Egypt in 2025 was the EGP5.2 billion syndicated long-term Islamic facility secured by Banque Misr and a consortium of other Egyptian banks to partially finance the investment cost of the Jefaira project and refinance its existing facilities.
Jefaira is a 653-acre master-planned beach town, which will be a major destination-scale development on Egypt’s northern coast. Its construction is strategically aligned with the Egyptian government’s national development plan for the Ras El-Hekma region.
The banks consortium worked with two borrowers: the developer Inertia for real estate development; and the landowner AK for real estate development and marketing. The facility itself was structured as a syndicated Islamic mudarabah facility with a six-year tenor.
