sukuk

Al-Azhar asserts role, clashes with Brotherhood
Egypt

Al-Azhar asserts role, clashes with Brotherhood

Al-Azhar said on Thursday its clerics must be consulted on a law allowing the state to issue sukuk (Islamic bonds),…
Nour Party head criticizes Shura Council over sukuk law
Egypt

Nour Party head criticizes Shura Council over sukuk law

  Nour Party head Younis Makhyoun criticized the Shura Council Sunday for passing the draft law allowing Islamic “sukuk” bonds…
Shura Council approves Islamic bond law
Business

Shura Council approves Islamic bond law

Parliament approved a law Tuesday allowing the issuance of Islamic bonds, slated to provide the heavily-indebted government with a new…
Financial Authority head: Certificates with sukuk bonds could prevent money laundering
Business

Financial Authority head: Certificates with sukuk bonds could prevent money laundering

Ashraf al-Sharqawy, head of the Financial Supervisory Authority, has requested that personal certificates be issued for Islamic sukuk bonds in…
Cabinet approves draft Islamic bonds law
Business

Cabinet approves draft Islamic bonds law

The Cabinet approved a draft law governing the issuance of Islamic bonds, known as sukuk, on Wednesday. The proposed regulatory…
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
Business

Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis

The Shura Council on Wednesday endorsed the President Mohamed Morsy’s approval of a draft loan agreement with the Saudi Fund…
Finance Minister: Islamic bonds law to be presented to Cabinet
Business

Finance Minister: Islamic bonds law to be presented to Cabinet

The controversial Islamic bonds (sukuk) draft law is expected to be presented to a Cabinet meeting Wednesday after the body's…
Finance minister: economic reform provides state budget with LE31.2 billion
Business

Finance minister: economic reform provides state budget with LE31.2 billion

Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
Cabinet approves Islamic bonds draft law
Business

Cabinet approves Islamic bonds draft law

The Cabinet approved a draft law on Islamic bonds after it was approved by other institutions, Finance Minister Morsy Hegazy…
Islamic bonds law to be approved in days, says finance minister
Business

Islamic bonds law to be approved in days, says finance minister

The draft law on sukuk (Islamic bonds) will likely be approved by all the relevant institutions, including the Finance Ministry,…
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