The bank draws on its resources from two main sources.
The first one is internal resources which include paid-up capital, reserves and provisions.
The second one is external resources represented in the clients’ accounts and saving pools.
Islamic saving pools offered by the Bank have been in high demand by the clients in Egypt and Islamic world due to its advantages.
The Bank has succeeded in planning and carrying out the process of collecting deposits and building up savings which is considered the backbone of investment activity that in turn represents the essence of Islamic banking activity.
Such successes are due to a number of advantages offered by the Bank to its depositors. The most important of these advantages is the Islamic formulae provided by the Bank through its various saving pools whether in local or foreign currency which include current accounts,
general investment accounts, three-year saving certificates and seven-year saving certificates with accumulated return “Namaa”.
The minimum deposit limit for an account is held very low in order to attract a very broad sector of clients that other banks were unable to attract.
Moreover, Faisal bank is the only bank that allows drawing sums from deposit during its term without being deprived from the revenue calculated on the remaining part.
It is also noteworthy that the deposit base of the bank is characterized by relative stability given that it is distributed over eight hundred thousand accounts most of which are small depositors.
The Investment activity
This activity represents the main basis of Islamic banking. Regarding usage of resources, FIBE has succeeded in realizing remarkable achievements in the field of investment according to its policy governed by the rules of Islamic Sharia.
Based on the Bank's policy, forms of investment include funding through Musharaka (partnership), Mudaraba, Murabaha sale, Salam sale (Forward sale – advance payment contract), leasing of services (IJaara) and Istisnaa (manufacturing),
in addition to incorporating companies and shareholding in their capital.
These are the main legitimate methods of funding in the Islamic banking system. The success in the field of collecting savings and development of deposits has led to an increase in the resources available for finance and investment which has in turn led to making every effort to achieve suitable returns on investments in compliance with Shari’ah,
and devising new funding and investment tools that are beneficial to our customers.
Offering banking services
This activity is considered a distinctive feature of the modern banking system due to the revenue it yields in addition to its main role of attracting customers and encouraging them to deal with the bank in other activities. This activity has taken the lion's share of constant development process due to the progress in information and communication technology.
In the light of the new trends in international banking systems and promoting its activities in all fields, the Bank has given great attention to providing banking services and products. Thus, the Bank has integrated this function in its medium and long-term strategy, given that most of the services do not violate the rules of Sharia.
With regard to providing high quality banking services to its customers, the Bank has introduced modern techniques. A full conversion of operations from manual to automated systems has been carried out in all the bank's branches. The current electronic services include the modern devices for signature matching, automatic teller machines (ATM), Phone banking, online banking services, Visa Electron Cards, Electronic collection of checks,
issuing checkbooks, international and local Swift transactions, inquiry about protesto and bankruptcy procedures, as well as dealing room for securities, and Reuters Market Data System.