KashfbankBank Statement Converter
DashboardPricingBanksBlog
Get started
HomeBanksFaisal Islamic Bank of EgyptMortgage Applications
Egypt

Convert Your Faisal Islamic Statement for a Home Finance Application

Faisal Islamic offers Ijara Muntahiya Bittamleek (lease-to-own) home finance. The CBE mortgage initiative covers Sharia-compliant products. Convert 12 months to Excel in seconds.

Convert your Faisal Islamic statement

Why home finance underwriting needs a structured export

Faisal Islamic Bank of Egypt, the country's first Islamic bank, offers Ijara Muntahiya Bittamleek (lease-to-own) as its Sharia-compliant home finance product. The Central Bank of Egypt mortgage initiative — subsidised financing for eligible income brackets — applies to Sharia-compliant products as well as conventional. A home finance file needs a 12-month statement that shows stable income credits and manageable existing financing obligations.

Converting your PDF to Excel before underwriting lets you confirm income lands consistently across the full 12 months, that your existing Murabaha or Musharaka instalments leave room under the bank's affordability threshold, and that no large unexplained deposit raises a question. Monthly Ijara payments on an existing lease-to-own appear in the statement as a regular debit the underwriter will count.

How a Faisal Islamic statement reads for home finance

Faisal Islamic issues an Arabic-first bilingual PDF with Islamic product terminology throughout. The account header carries a Sharia supervisory board reference. Income credits appear as salary or inbound transfers. Existing Ijara payments and Murabaha instalments are recurring debits the underwriter counts toward your affordability.

Profit distribution ('توزيع أرباح') credits on an investment account are returns, not stable income — relevant to overall financial standing but treated differently from a salary. Kashfbank keeps each Islamic label intact and reads the Arabic-first layout natively so the underwriter sees a clean, explainable 12-month history including older lower-resolution scans.

What to extract for underwriting

You want income consistency over 12 months, every existing Ijara and Murabaha obligation, the down payment trail, and any large deposit the underwriter will want sourced.

  • Income credits across 12 months — consistency and amount
  • Existing Ijara payments — lease-to-own home finance obligation
  • Murabaha / Musharaka instalments — existing financing obligations
  • Down payment accumulation — running balance, seasoned funds
  • Large deposits traced back to confirm they are not borrowed

Faisal Islamic Bank of Egypt statement format

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.

LabelMeaning
مرابحةMurabaha cost-plus financing instalment
توزيع أرباحProfit distribution credit on investment account
وكالة استثمارWakala investment placement or return
زكاةZakat deduction from eligible balance
إيداع نقديCash deposit

Egypt specifics for this use case

Rules in Egypt differ — see our country guide

How to do it — step by step

1

Pull 12 months from Faisal Islamic Mobile

Open Faisal Islamic Mobile and request a full 12-month statement — the standard period for the CBE mortgage initiative. The Arabic-first bilingual PDF is read natively, including older pre-2018 scans.

2

Upload to Kashfbank

Drop the PDF in. Ijara, Murabaha, Musharaka, and profit distribution labels are preserved exactly as printed, so every existing obligation is captured for the affordability check.

3

Trace income consistency and obligations

Sort by date. Confirm income credits land consistently across all 12 months. Sum existing Ijara and Murabaha instalments. Confirm the down payment was present well before the application.

4

Export and prepare your file

Download as Excel or CSV for your own review. The bank wants the original Faisal Islamic PDF — use the export to confirm the underwriter will see a clean, explainable history.

Common challenges

  • •Gift funds: large family transfers in GCC markets that must be documented as non-repayable gifts
  • •Bonus income: year-end bonuses that inflate one month's statement and don't reflect sustainable income
  • •Self-employed applicants with fluctuating monthly revenue requiring 24-month instead of 12-month history
  • •Multi-currency down payment accounts (savings in USD, mortgage in AED) requiring rate-adjusted proof

Frequently asked questions

Does Faisal Islamic offer a Sharia-compliant home finance product?

Yes. Faisal Islamic Bank of Egypt offers Ijara Muntahiya Bittamleek (lease-to-own) as its Sharia-compliant home finance product. Monthly Ijara payments appear in the statement as a regular debit. The CBE mortgage initiative applies to Sharia-compliant products as well.

Is the CBE mortgage initiative available on Islamic products?

Yes. The Central Bank of Egypt mortgage initiative eligibility applies to Sharia-compliant products as well as conventional. A 12-month statement is required and must show stable income credits and manageable existing financing obligations.

Does Kashfbank read the Arabic-first statement correctly?

Yes. The statement is Arabic-first with Islamic product terminology throughout. Kashfbank extracts the Arabic natively — Ijara, Murabaha, Musharaka, and profit distribution labels stay intact on every row, including older lower-resolution scans from pre-2018.

How does the export handle an existing lease-to-own as an obligation?

Monthly Ijara payments on an existing lease-to-own appear as a regular debit. Kashfbank tags them so they are captured in your existing-obligations total — the underwriter counts them toward your affordability for the new home finance just like any other recurring financing payment.

Other use cases for Faisal Islamic Bank of Egypt

Freelancers

Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.

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.

Faisal Islamic Bank of Egypt overviewEgypt banks guide

Convert Faisal Islamic Bank of Egypt Statement

Upload PDF, get Excel in seconds

Try it free

10 free credits on signup

Regulatory context

Regulator: Central Bank of Egypt (CBE)

Fiscal year: Jul 1 – Jun 30 (government); Jan–Dec (private sector)

Full country guide →

Statement info

EGP

Statement language: Arabic / English

Kashfbank

Turn your bank statement into a spreadsheet in seconds.

العربيةEnglish

Product

  • Dashboard
  • Pricing
  • Banks
  • Blog
  • RSS

Resources

  • All Banks
  • Saudi Arabia Banks
  • UAE Banks
  • PDF to CSV
  • PDF to Excel
  • SAR Statement to Excel
  • AED Statement to Excel
  • Blog
  • Pricing

Legal

  • Privacy Policy
  • Terms of Service
  • Contact

© 2026 Kashfbank. All rights reserved.

Powered by AI