الهيئة العامة للرقابة المالية

Dr. Islam Azzam, FRA Chairman:

• Expanding cooperation with universities and higher education institutes to link academic learning with practical application within non-banking financial sector.

Financial Regulatory Authority (FRA) chaired by Dr. Islam Azzam hosted a student delegation from October University for Modern Sciences and Arts (MSA). This visit falls under the Authority’s ongoing efforts to promote financial literacy and awareness among youth and university students, enhancing their understanding of the Non-Banking Financial Sector (NBFS) and its vital role in supporting the national economy and achieving financial inclusion.

Dr. Islam Azzam stated that FRA attaches great importance to financial literacy and awareness, viewing it as a core pillar for building a generation better equipped to make sound investment decisions.

He added that the Authority is actively expanding its cooperation with various universities and institutes to bridge the gap between academic studies and practical application. This cooperation aims to introduce young people to employment, investment, and innovation opportunities, particularly given the positive indicators showing a rising engagement of youth in various investment vehicles, most notably mutual funds.

For his part, Dr. Mohamed Abdel Aziz, Assistant to Chairman, emphasized the Authority’s commitment to provide students with an integrated learning experience that combines theoretical and practical aspects. He noted that FRA is working to scale up youth-targeted events, field visits and workshops across various governorates.

The delegation included first, second and third-year students majoring in Marketing, Business Administration, Economics, and Finance, under the supervision of Dr. Amal Soleiman, Professor of Economics at MSA University.

During the visit, students attended several introductory lectures that outlined the structure of Egypt’s financial sector and highlighted the differences between banking and non-banking systems. The sessions also covered FRA’s constitutionally mandated role, alongside its regulatory and supervisory responsibilities over non-banking markets and activities, mainly insurance, capital market and various forms of non-banking finance.

The visit witnessed strong engagement from the students who expressed a particular interest in learning about FRA’s Regulatory Sandbox. They explored its mandate to support innovation and entrepreneurship by providing a stimulating regulatory environment to test modern digital financial solutions, ultimately driving FinTech adoption and reinforcing Egypt’s position as a regional hub in the field.