Egyptian Islamic Finance Association Holds Conference On Sukuk Regulations

The Egyptian Islamic Finance Association will hold its second conference on Islamic finance instruments in Port Said after its first conference in Cairo succeeded.

The conference will address the basics and regulations of the various Islamic finance instruments in Egypt as well as the possible methods of dealing with takaful (Islamic insurance) companies and sukuk (Islamic bonds) which will be launched soon.

Mohamed El-Beltagy, head of the Association, said the second conference differs from the first as the second will discuss the direct relations between customers and financial institutions including banks and insurance companies with the aim of raising awareness on the philosophy, mechanism and instruments of Islamic finance.

The conference targets linking businessmen in Port Said who wish to conduct their financial transactions in compliance with sharia law with the Islamic financial institutions.