VOICED: Islamic finance on the up in Egypt

The video discusses the rise of Islamic banking in Egypt, highlighting its adherence to Islamic law by avoiding forbidden sectors and interest. Islamic finance has grown significantly, becoming a $1 trillion industry by sharing profits and losses with customers. While some customers prefer Islamic banks for ethical reasons, others favor traditional banks due to lower interest rates. The future of Islamic banking looks promising with its global expansion.

What are the sectors that Islamic banks cannot invest in according to Islamic law?

What factors have contributed to the growth of Islamic finance after the economic crisis?

How does the principle of Islamic finance differ from traditional banking?

What is the significance of the profit ratio in Islamic banking?

What challenges do some customers face when considering Islamic banks?