Tasaheel Plans $189M Sukuk to Boost SME Financing in Egypt

Editorial Team

Last updated 28-12-2025

3 min

Tasaheel plans to issue USD 189 million in sukuk to boost SME lending.

The move aims to raise roughly EGP 9 billion to support small businesses.

Major banks like Al Ahly and Banque Misr will cover the subscription.

MNT-Halan, Tasaheel's parent, simplifies financial access through its comprehensive Halan app.

This reflects growing confidence in Egypt’s non-banking financial sector amidst global uncertainty.

Tasaheel is gearing up for what could be one of the more eye‑catching moves in Egypt’s non‑banking finance scene, with plans to issue around USD 189 million in sukuk early in January 2026. The idea is simple enough: raise roughly EGP 9 billion to boost its lending power for small and medium‑sized enterprises. And honestly, I reckon that level of commitment to SME financing is spot on, especially at a time when entrepreneurs across the region are trying to catch a break.

The company, founded back in 2015 and now part of MNT‑Halan, has long pitched itself as a lifeline for small business owners. It’s focused on giving borrowers—whether they run tiny workshops or growing service companies—the means to expand without too much of a faff. I’ve come across quite a few founders in Egypt and beyond through Arageek’s community events, and many tell me they just need someone to open the door a little wider… you know? Moves like this sukuk issuance can make a real dent.

According to details shared through Asharq Business, Tasaheel is still waiting for the final green light from the Financial Regulatory Authority. The structure is expected to be a single tranche with a maturity of up to 45 months. Three major banks—Al Ahly Bank of Egypt, Banque Misr, and CIB—have reportedly already stepped up to cover the subscription, while talks continue with another Islamic bank that might join the deal. On the flip side, arranging and promoting the issuance itself will fall to CIB, CI Capital, and Al Ahly Pharos.

MNT‑Halan, the parent company founded in 2017 by Mounir Nakhla and Ahmed Mohsen, has built a reputation for trying to simplify financial access through tech. Its Halan app pulls together everything from micro‑lending to prepaid cards, e‑commerce, and savings products. It’s one of those platforms that grew quickly because it solved a real headache—something several founders I’ve met have been chuffed to bits about, even if the app can be a bit slow on patchy networks, well… I mean, in my experience.

All things considered, Tasaheel’s upcoming sukuk looks like a calculated attempt to meet surging demand among SMEs for flexible financing. It also reflects wider investor confidence in Egypt’s non‑banking sector. And believe it or not, even with all the chaos in global markets lately, opportunities like this still manage to shine through—definately a reminder that resilience is alive and well in the region’s startup economy.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!