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 bank in 2025, with net earnings of about $265 million, according to a report by 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.

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The 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, Egypt decided to allow all its banks to open small services units outside their offices as part of a policy to encourage lenders to expand operations.