The Bank introduced charitable accounts system for the benefit of all Muslims for two reasons:
First: providing a continuous income which directed to charity purposes.
Second: applying an easy way for Sadaka Garya (ongoing alms).
The bank offers Al qard Al-Hassan (interest-free loan) for people in need and those who suffer from unexpected circumstances, these loans are prepaid without any extra fees ot charges.
Holy Quran Competition
The Bank organises an annual big competition for Holy Quran. Valuable awards are offered to the best participants and their instructors.
Al Faisal Development Association (The Orphanage)
The Zakat Fund established an orphanage at Al-Mokkatam district, Cairo, Egypt at an investment cost of EGP 5.3 million. Total charity accounts with returns directed to the orphanage amount to EGP 2 million. The orphanage started its activity in January 2006.
Address: plot 83, 9 St., next to total petrol station, Al-Mokkatam, Cairo.
The Bank's Library
Through the Bank's library, which contains a lot of books and references as well as periodical publications in all branches of knowledge, the Bank enhances its employee's knowledge and provides services to all researchers and students from different educational institutions in Egypt and abroad. The library is annually supplied with a new set of references and books that are indispensable for researchers and students. It also serves as a cultural center for cities and governorates across the country. Recently, the automated system has been introduced in the library in order to facilitate its operation and increased its efficiency.
The Bank has given a great deal of attention to participation in conferences and seminars which were held locally or abroad and it participated efficiently in most of which by conducting pioneering researches and taking part in useful discussions.
The Bank hosts a large number of visitors from foreign countries, as well as international delegations sent to identify social responsibility of the Bank and benefit from its experience in the field of Islamic banking.