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Banque Misr Awarded Best Islamic Bank in Egypt for 2023 by Euromoney Magazine

Jul 05, 2023 11:54 AM

Euromoney Magazine, a leading global institution specializing in organizing financial conferences in developed and emerging markets, has announced its awards for the year 2023. Among the recipients is Banque Misr, which has been honored with the Best Islamic Bank in Egypt award for 2023. The award ceremony took place in Dubai, United Arab Emirates on June 21, 2023. Mr. Mohamed Al-Qai'i, Head of Islamic Corporate Credit, received the award on behalf of Banque Misr during the prestigious ceremony hosted by Euromoney International Magazine. The event was attended by a distinguished group of leaders representing the award-winning banks.

These awards are granted based on rigorous evaluations that consider specialized criteria related to the performance and strategic initiatives undertaken by financial institutions. Banque Misr's receipt of this award is a testament to its dedication to earning the trust of its customers, who are consistently at the center of its focus and success.

The award also highlights Banque Misr's exceptional performance in Islamic banking transactions, its strong financial results, and its commitment to intensive marketing efforts aimed at attracting new customers and financing operations.

Banque Misr has demonstrated remarkable growth in its portfolio of credit facilities for corporate credit within the Islamic banking sector operating in the local market. The bank has also successfully managed and participated in numerous joint facilities. Its dedication to innovation in products and services has significantly contributed to the expansion of Islamic finance. Banque Misr has been effective in applying Islamic Sharia principles in a manner that fulfills customer needs and strengthens the reputation and capacity of Islamic finance within the Egyptian economy.

The bank remains committed to achieving its strategic and developmental objectives with the goal of supporting the national economy across various sectors. Banque Misr is focused on providing new services and products to meet the evolving needs of its customers. The bank consistently strives to enhance the quality of its services, ensuring its long-term success while actively participating in activities that cater to the needs of its customers. Banque Misr's business values and strategies consistently reflect its commitment to sustainable development and the prosperity of Egypt.