Fayyad Abdel Moneim


Fayyad Abdel Moneim is an Egyptian academic and economist who served as finance minister briefly from 7 May to 16 July 2013.

Early life and education

Moneim was born in 1956. He received a bachelor's degree in commerce in 1980. He holds a master's degree, which he received from Al Azhar University in 1993. He also holds a PhD, which he again received from Al Azhar University in Islamic finance in 1999. The title of his PhD thesis is "an evaluation of the economic performance of banks, with application to the Islamic banks in Egypt."

Career

Moneim served as the manager and advisor of the Islamic Research Center at the International Islamic Investment and Development Bank in Cairo. He was also a consultant to various Islamic finance institutions. In addition, he was a financial consultant at Dar El Ifta that is a public institution, issuing fatwas. He served as the legal inspection committee secretary of the Islamic International Bank from 1993 to 2003. He was a member of the board of Islamic studies at the faculty of science at Cairo University. He worked as a professor of economics at Al Azhar University until May 2013. On 7 May 2013, he was appointed finance minister to the cabinet led by prime minister Hesham Qandil. He replaced Morsi El Sayed Hegazy in the post. Moneim's term ended on 16 July when interim government led by the prime minister Hazem Al Beblawi was formed.