[3] Ismail supported a liberal economy approach and harshly criticized the inefficiency of the Egyptian public sector.
[4] Although Ismail acted as the leader of opponents of the public economy policy implemented by President Anwar Sadat, he was appointed finance minister on 16 April 1975, replacing Mohammed Hamdi El Nashar in the post.
[6] Ismail adhered to a liberal economic approach, but he was an advocate of the price control and the increased level of subsidies to improve the economy of Egypt when he was in office.
[7] Ismail's tenure ended on 19 November 1976 when he was dismissed due to his opposition over the policies imposed by the International Monetary Fund.
[5] Then Ismail was named as the head of the Far East Bank in Cairo and served at the Parliament as a member of the New Wafd Party.