Faisal Islamic is Egypt's first Islamic bank, used by Sharia-committed professionals. Statements are Arabic-first with Murabaha and Wakala labels. Extract client income to Excel in seconds.
Convert your Faisal Islamic statementEgypt's freelance economy runs on international clients, and Faisal Islamic Bank of Egypt — founded in 1977 as Egypt's first Islamic bank — is the relationship of choice for Sharia-committed professionals who avoid interest-based banking entirely. The bank is also popular among Egyptian professionals with Saudi or Gulf connections, given its original Saudi founding mandate. Client payments, inbound transfers, and profit distributions on investment accounts arrive alongside personal spend in EGP.
The Egyptian Tax Authority expects an annual disclosure once your income exceeds the filing threshold, and it taxes worldwide income for tax residents. You want gross revenue, not the net after the bank's conversion. A converted statement lets you isolate every inbound client transfer with its SWIFT reference, keep the original currency, and separate profit distributions — which are investment income, not freelance earnings.
Faisal Islamic issues an Arabic-first bilingual PDF. Islamic product terminology runs throughout: Murabaha, Musharaka, Mudaraba, Wakala. The account header carries a Sharia supervisory board reference and the product type. Inbound client payments appear as cash deposits ('إيداع نقدي') or inbound transfers; foreign-client wires carry a sender reference. Profit distribution ('توزيع أرباح') credits are investment returns, not client income.
Profit distribution lines and Wakala investment placements ('وكالة استثمار') are easy to mistake for client payments if you only scan the credit column. Kashfbank keeps each Islamic label intact so an investment return is not counted as freelance revenue, and reads the Arabic-first layout natively including older lower-resolution scans.
You want every inbound client payment isolated from personal spend and from investment returns, with the sender reference and original amount preserved so each deposit matches an invoice.
Arabic-first bilingual PDF. Islamic product terminology throughout: Murabaha, Musharaka, Mudaraba, Wakala. Account header includes Sharia supervisory board reference and Islamic finance product type. EGP running balance. Profit distribution entries appear as separate line items distinct from principal movements. Zakat-eligible balance indicators may appear where applicable. Older statements (pre-2018) may be lower-resolution scans.
| Label | Meaning |
|---|---|
| مرابحة | Murabaha cost-plus financing instalment |
| توزيع أرباح | Profit distribution credit on investment account |
| وكالة استثمار | Wakala investment placement or return |
| زكاة | Zakat deduction from eligible balance |
| إيداع نقدي | Cash deposit |
Egypt's large informal freelance sector means many transactions are cash or Vodafone Cash; bank statements will show only the formal income that flows through the account, requiring supplementary records for full disclosure.
Pull the period from Faisal Islamic Mobile
Open Faisal Islamic Mobile and request the period you need — usually 12 months for an income record or a tax disclosure. The Arabic-first bilingual PDF is read natively, including older pre-2018 scans.
Upload and confirm currency tagging
Drop the PDF into Kashfbank. EGP rows stay EGP. If you hold a foreign-currency account, those rows keep their currency — no silent conversion.
Separate client income from investment returns
Sort by Category. Keep inbound transfers and cash deposits that are client payments. Exclude profit distribution and Wakala returns — these are investment income, not freelance earnings.
Export and match to invoices
Download as Excel or CSV. Each inbound row keeps its sender reference so you can match every client payment to the invoice it settled, then apply the official rate for any foreign-currency line.
Common challenges
Does Kashfbank read Faisal Islamic's Arabic-first labels correctly?
Yes. The statement is Arabic-first with Islamic product terminology throughout. Kashfbank extracts the Arabic natively — no translation. The sender reference stays on the same line as the transfer, which you need to match each deposit to an invoice.
Is the profit distribution on my investment account freelance income?
No. Profit distribution ('توزيع أرباح') is investment income, not freelance earnings, and is taxed separately at 20% withholding by the ETA. Kashfbank tags it separately so it does not inflate your reported freelance revenue.
My foreign clients pay into a foreign-currency account. How does that appear?
Inbound wires carry the sender reference and keep their original currency. Kashfbank preserves both the original amount and currency so you can apply the official Central Bank of Egypt rate at the transaction date for your disclosure.
Some of my Faisal Islamic statements are old, low-quality scans. Will they convert?
Pre-2018 Faisal Islamic statements may be lower-resolution scans. Kashfbank still reads them; where a page is heavily degraded, the extraction confidence drops and those rows are flagged in the output for a quick manual check.
Tax Preparation
Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.
Loan Applications
Prepare clean, lender-ready bank statement exports that prove stable income and responsible financial behavior for personal and business loan applications.
Mortgage Applications
Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.
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Regulator: Central Bank of Egypt (CBE)
Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)
Full country guide →Statement language: Arabic / English