Faisal Islamic Bank

Establishment:

Faisal Islamic Bank (Sudan) was established in accordance with Temporary Order (09) (1977) dated 04/04/1977. In May 1977, 84 Sudanese and Saudi founders as well as other nationals of some Islamic States, met and adopted the idea of establishing the They prescribed and paid up half of the authorized capital. On 18/8/1977, Faisal Islamic Bank was registered as a public limited Company according to the Ordinance 2015. The Bank commenced operations in May1978.

The Bank Capital:

Authorized capital: 5,000 Millions SDG
Paid-up capital: 3,000 Millions SDG

Activities:

To conduct all forms of Banking activities, financial, commercial, investment as well as participation in economic development and social projects. To promote transactions and cooperation in the field of foreign trade, in conformity with Islamic Shari’a law, and advanced modern developed Banking techniques.

Basic Information and Financial Ratios 2010-2021

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Branches	48	46	42	41	41	37	35	34	32	31	31	31
ATMs	208	202	199	202	184	148	143	136	118	112	91	80
Employees	1,678	1,620	1,510	1,612	1,567	1,464	1,288	1,249	1,063	942	907	886
Percentage of profits distribution to Shareholders	110%	59.95%	33.8%	0%	72%	36%	39.5%	38.7%	46.1%	67%	73%	55.1%
Distribution rate for the holders of deposits accounts	12%	12%	12%	12%	12%	12%	12%	12%	12%	11.5%	10%	10%
Growth rate of Assets	148%	94%	17%	88%	75%	25.9%	43%	24%	25.7%	46.2%	25%	40.1%
Growth rate of Deposits	115.3%	98%	17%	82%	77%	25.5%	46%	28%	22.3%	48.6%	24%	40%
Growth rate of Income	646.3%	89%	36%	121%	76%	22.3%	21%	28%	37%	28%	40%	48.6%
Return on Assets	7.4%	1%	0.1%	2.8%	2%	1.5%	1.8%	3%	3.2%	4%	4%	3.1%
Return on Equity	82.5%	29.1%	2.5%	54.8%	39.7%	23.8%	26.8%	35%	38%	33%	39.1%	42.8%