New Financing Products in Development by Egypt's Financial Regulation Authority

Egypt's Financial Regulatory Authority (FRA) is in the process of developing new financing products, including micro and macro digital finance products, sustainable green microfinance products and financing tools, in a bid to keep up with global developments and provide the best international practices and new types of investment funds to achieve the sustainable development goals (SGDs), as highlighted by the Deputy Chairperson of the FRA, Islam Azzam in a recent interview.

Why it Matters?

The FRA is studying the feasibility of Islamic microfinance and a product to serve the agricultural sector. Also being studied is the introduction of direct financing products in the small and medium enterprises (SMEs) financing sector, according to different financial...