Egypt’s Senate to discuss sovereign sukuk law today
Egypt’s upper house Senate will begin debate on Monday on the newly-drafted sovereign sukuk (bonds) law.
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Sukuk law
Egypt’s Sukuk Law To Be Replaced With Chapter In Existing Securities Law: EFSA
Egyptian Financial Supervisory Authority (EFSA) plans to replace the current sukuk law with a chapter in the…
EFSA, CBE Asked By Finance Ministry To Suggest Sukuk Rules
The Egyptian Ministry of Finance is close to finalizing the first draft of the executive regulation of sukuk law as…
Egypt Plans to Issue Sukuk in Early 2014
Egypt aims to issue a sukuk to international and domestic markets at the beginning of 2014, the country said in its…
Finance Minister To Inaugurate Sukuk Practical Applications Conference Tomorrow
The Egyptian Minister of Finance Fayad Abdel Monem will inaugurate on Sunday the Practical Applications of Sukuk…
Finance Minister To Inaugurate Sukuk Practical Applications Conference Tomorrow
The Egyptian Minister of Finance Fayad Abdel Monem will inaugurate on Sunday the Practical Applications of Sukuk…
Finance Ministry Seeks Technical Support For Sukuk From CitiBank
The Egyptian Ministry of Finance will meet on Tuesday officials from CitiBank for the fourth time to discuss…
Islamic Development Bank Looks To Buy 7-Year Egyptian Sukuk: Osama Saleh
The Egyptian Minister of Investment Osama Saleh has met with the Islamic Development Bank's officials during his…
Sukuk Law 100% Islamic, Al-Azhar’s Reservations On Technicalities: El-Beltagy
Al-Azhar’s Senior Scholars Authority has not rejected the proposed sukuk law and did not say it violates Sharia…
Al-Azhar Issues Final Report On Sukuk Law On Monday
Al-Azhar’s Senior Scholars Authority will issue today its final report on draft sukuk law referred to it by the…
Kuwait Finance House Offers To Subscribe For US$ 3 Bln Of Egypt’s Sukuk
The Kuwait Finance House (Beitak) expressed an interest to subscribe US$ 3 billion of Egypt’s debut sukuk which…
Rights Group Files Lawsuit To Refer Sukuk Law To Al-Azhar
A lawsuit has been filed to Egypt’s Administrative Court to obligate the Egyptian President Mohamed Morsi to refer…
Al Nour Party Asks Morsi To Refer Sukuk Law To Al-Azhar
Ultraconservative Salafi Al Nour Party has submitted an official note to the Egyptian President Mohamed Morsi…
Egypt’s Debut Sukuk To Finance Project With US$ 300 Mln: Finance Minister Adviser
The required finance is the first criterion to choose the project that will be financed by Egypt’s debut sukuk…
Salafi Preaching Movement To Appeal Against Sukuk Law
The Egyptian Salafist group al-Da'wa al-Salafiya (Salafi Preaching Movement) will submit an appeal against the…
Shura Council Not To Pass Sukuk Bill Without Al-Azhar’s Approval: Al Nour Party
Egypt’s Shura Council (upper house of parliament) will not vote on the sukuk bill before it is approved by…
Shura Council Decides Not To Describe Sukuk As “Islamic”
Shura Council approved to omit the word “Islamic” from the sukuk law in its session on Sunday after the legislative…
Egyptian Expats In France Offer To Invest US$1 Bln In Sukuk
Egyptian expatriates in France offered to invest US$ one billion in Egypt’s debut sukuk issuance, said Ahmed…
Bankers Differ On Exempting Sukuk From Taxes
Banking experts have differed on article no.23 of sukuk bill currently discussed at the Shura Council (upper house…
Egypt’s Central Bank, Islamic Finance Association Welcome Sukuk Bill
The Central Bank of Egypt (CBE) and the Egyptian Islamic Finance Association (EIFA) have welcomed the sukuk bill,…
Al-Azhar’s Commerce Faculty Vice Dean Expects Return On Sukuk To Reach 30%
The return on sukuk reached 18% in Sudan and many studies reveal that return on sukuk in Egypt may reach 25-30% and…
Al-Azhar Urges Coop. Among Sharia Scholars, Economics On Draft Sukuk Law
Mohamed El-Mahdy, member of Al-Azhar’s Senior Scholars Council, stated that some terms motioned in the draft sukuk…
Ali Gomaa Affirms Sukuk Good Financing Instrument If Not Endangering State’s Assets
Ali Gomaa, former Grand Mufti of Egypt and member of Al-Azhar's Senior Scholars Council, said Islamic jurisprudence…
Sukuk Between Theory & Practice Conference Kicks Off
“Sukuk between Theory and Practice” conference, organized by United Bank, is launched on Monday. The conference is…
Egypt Govt Approves Law Allowing Islamic Bond Issues
The Egyptian government approved a draft law on Wednesday that will allow the state and private borrowers to issue…
Egypt’s Hegazy Withdraws From Finance Ministry’s Press Conference
The Egyptian Minister of Finance, El-Morsi Hegazy, withdrew today from the press conference, which was held by the…
Sukuk Will Finance Qattara Depression Project With US$ 110 Mln Through Sukuk
Khaled Ouda, geologist and member of Shura Council (upper house of parliament), stated that Egypt seeks to finance…
Shura Council Discusses Draft Sukuk Bill Without Waiting For Cabinet’s Approval
The Shura Council’s Finance and Economic Affairs Committee has decided to adopt the sukuk bill drafted by the…
Shura Council’s Economic Committee Unveils Draft Sukuk Bill Today
Shura Council’s Economic Committee will hold a press conference on Wednesday to announce the details of the draft…
Sukuk Allows Young Investors To Invest In Infrastructure Projects
The draft sukuk law, expected to be approved soon, will enable low-income people to invest their funds in Egypt’s…
Adviser To Finance Minister Criticizes Cabinet For Not Approving Sukuk Law Till Now
The draft sukuk law, prepared by the Egyptian Ministry of Finance in coordination with the Freedom and Justice…
Cabinet To Approve Sukuk Law On Wednesday
Egypt's Cabinet headed by the Prime Minister Hesham Kandil will approve the final draft of the sukuk law in its…
Sukuk Law Prohibits Selling State’s Fixed Assets: Finance Minister Adviser
Ahmed El Naggar, adviser to the Minister of Finance and the one responsible for sukuk, denied what was said about…
Sukuk To Attract US$200 Bln of Egyptians’ Overseas Investments
One of the main targets of introducing sukuk is to motivate Egyptians who own investments outside the country…
Finance Ministry Receives Standard Chartered Delegation To Discuss Sukuk Law
The Egyptian Ministry of Finance will receive today a delegation from Standard Chartered Bank to discuss the bank’s…
United Bank’s Sharia Board Fears Sukuk Investments May Violate Islamic Principles
Mohamed Nabil Ghanayem, head of the Sharia board at the United Bank, opposes the omitting of the word “Islamic”…
United Bank Holds 2nd Conference On Islamic Sukuk Law On Tuesday
The United Bank – Egypt will hold on Tuesday a conference titled “Islamic Sukuk Finance between Reality and…
Egypt Approves Law To Issue Sovereign Islamic Bonds
The Egyptian government has approved a draft law allowing the issuance of sovereign Islamic bonds, Finance Minister…