sukuk

Government struggles to get a sukuk law on the books
Business

Government struggles to get a sukuk law on the books

Officials went to the drawing board with a controversial law on  sukuk , or Islamic-sanctioned bonds, that was set to…
Al-Azhar: Ministry-proposed bonds at odds with Sharia
Business

Al-Azhar: Ministry-proposed bonds at odds with Sharia

Members at Al-Azhar's Islamic Research Academy have rejected a Finance Ministry-proposed bill sanctioning the introduction of Islamic financial bonds, saying…
Cabinet approves Islamic bonds law in principle
Business

Cabinet approves Islamic bonds law in principle

The Cabinet during its meeting Wednesday approved in principle a draft law on sovereign Islamic bonds and decided it would…
Govt prepares law on Islam-friendly bonds
Business

Govt prepares law on Islam-friendly bonds

The Egyptian Financial Supervisory Authority has said it is drafting a new law that would allow the use of sukuk,…
Egypt association plans list of Islamic stocks
Business

Egypt association plans list of Islamic stocks

An Egyptian association plans to launch a list of sharia-compliant equities next week as part of its efforts to raise…
In sukkuk, govt sees a solution to economic crisis
Economy

In sukkuk, govt sees a solution to economic crisis

  Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a…
Egypt to sell short-term dollar debt in March, report says
Business

Egypt to sell short-term dollar debt in March, report says

CAIRO — Egypt plans to offer US-dollar certificates of deposit to Egyptians living abroad at the beginning of March to…
Government prepares to sell US$2 bn in Islamic bonds, says scholar
Business

Government prepares to sell US$2 bn in Islamic bonds, says scholar

The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
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