Mahathir Mohamed: Sukuk Failed in Malaysia

 The Former Malaysian Prime Minister, Mahathir Mohamed, said that the Sukuk (Islamic Bonds) didn’t succeed in Malaysia due to the low incomes of the Muslims in Malaysia, as well as remove any suspicion of usury and to commit to the Islam’s principles.

Mahathir, during his speech in “Experiments Renaissance” conference that organized by the Freedom and Justice Party (FJP),  said Egypt is facing triple challenges and problems than that were existed in Malaysia before achieving renaissance, because the population in Egypt is triple. But Egypt has capabilities for achieving real renaissance. Mahatir also referred that the Egyptian government should provide job opportunities for the youth and decrease the poverty rates and unemployment as well; stressing that this is the biggest challenge for the Egyptian government now.