Cairo – Mubasher: Faisal Islamic Bank of Egypt said it targets dividends distribution of 10%, after deduction of Zakah, according the estimated budget for 2016.

Last January, the Islamic lender said its board of directors has approved dividends distribution of EGP 229.4 million for 2015 that equivalent to 10% of its capital.

Earlier, the lender’s unconsolidated financial indicators for 2015 have reflected an increase of 21% in net profits.