Egypt’s Salafists to found their first Islamic bank

Egypt’s Salafist party, El-Nour, in it’s first economic conference, called for the founding of a bank on behalf of the party that aims to contribute to the Islamic banking sector.

The bank will be based on funding for small and medium enterprises as one of the quick keys to help the youth sector.

The participants agreed at the conference, which was held on Sunday 24 July under the title 'Egypt's economic revolution blooms', on the need to establish an Islamic Chamber of Commerce as a mechanism for economic reform, as well as attempts to attract the high capital members of the party.