null Egypt to issue first sovereign sukuk worth $2bn by mid-year
Egypt to issue first sovereign sukuk worth $2bn by mid-year
11 Jan 2022 | Tuesday Source: Arab News
Egypt is seeking to finalize the executive regulations for a sovereign sukuk by the end of this month, in preparation for issuing the first of such bonds. worth about $2 billion within five months.
The Egyptian Ministry of Finance is working on issuing the executive regulations for the Sukuk Law, in cooperation with the Financial Supervisory Authority and Al-Azhar Al-Sharif, the historical Islamic teaching hub.