The Egypt Financial Regulatory Authority issued two circulars tightening requirements for consumer finance companies, following its recent consolidation of the sector’s regulatory framework into a comprehensive compliance guide. Companies may no longer finance gold bars, gold jewelry or equivalent silver, platinum and other precious metal products because these are treated as investment instruments rather than consumer goods or services eligible for financing under the Consumer Finance Law. Consumer finance companies must also submit quarterly data to the authority covering interest rates and administrative expenses on funding obtained from banks, as well as the average rates of return and administrative fees charged on financing provided to customers. The reporting requirement applies starting with data for 2025 and is intended to strengthen oversight of consumer finance pricing.
2026-09-16Egypt Financial Regulatory Authority
Egypt Financial Regulatory Authority bans consumer financing of precious metals and mandates quarterly rate and fee reporting
The Egypt Financial Regulatory Authority has barred consumer finance companies from financing gold, silver, platinum and other precious metal bars and jewelry, classifying them as investment instruments. Companies must also report quarterly data on bank funding costs and the average rates and administrative fees charged to customers, starting with 2025 data.