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Egypt to begin offering sukuk in first half of 2022, says ministry

25 Aug 2021 | Wednesday Source: Malay Mail

Egypt will begin issuing sukuk, or sharia-compliant Islamic bonds, in the first half of 2022, the finance ministry said in a statement today.

The exact timing and size of the first offering is yet to be determined. Executive regulations for a new law allowing for issuance of sukuk are expected in the next three months, and the government is planning to form a state-owned company to manage sukuk issuance.

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