File Photo: A view of the High Court of Justice in Cairo, Egypt. REUTERS
The man, the owner of a bakery shop, killed his family during the holy month of Ramadan while they were eating their Sohour (pre-dawn) meal.
He then headed to his shop and set it on fire in an attempt to kill himself. He was rescued, however, and he turned himself in.
The man said he owed EGP 800,000 (nearly $50,000) in debts and that he murdered his family fearing the wrath of debtors.
The court verdict was issued after the grand mufti, the country's top Muslim legal authority, approved the punishment. The mufti's opinion is legally required in death penalty cases but is not binding.
Monday's ruling is not final and the convict has the right to appeal the verdict within 60 days.