Egypt's financial regulator has banned consumer finance firms from financing gold and precious metals

Egypt's Financial Regulatory Authority has issued a circular prohibiting consumer finance companies from financing gold bullion, gold jewelry, silver, platinum, and other precious metals.

• The authority, led by Dr. Islam Azzam, issued the circular banning consumer finance companies from dealing in gold bullion, gold jewelry, and other precious metals.
• The authority stated these products are investment instruments, not consumer goods and services eligible for financing under consumer finance regulations.
• The circular cites Law No. 10 of 2009 regulating non-banking financial markets and protecting the rights of market participants.
• The ban extends a September 16, 2026 circular that defined the scope of goods and services within consumer financing activity and excluded precious metals.