Egypt to issue first sovereign sukuk worth $2bn by mid-year

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. 

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