Barclays Weighs Islamic Finance Products in Egypt to Boost Sales
According to a senior bank official, Barclays Bank Egypt SAE discusses involving in the Egyptian Islamic banking market and to increase loans to small and medium businesses. Thus, the bank intends to implement new ways to generate revenue. Replication of its South African Islamic products in Egypt is one of the main topics considered. Since SMEs provide 70% of the country's economic growth, Barclays Bank have been examining in detail lending to SMEs for the last two years.