sukuk

Egypt signs facilities worth $2 bln to finance green projects
Business

Egypt signs facilities worth $2 bln to finance green projects

Egypt signed facilities worth two billion dollars to meet financial needs for various environmentally friendly projects. The financing facilities were…
Dubai Islamic Bank plans dollar senior sukuk – sources
Middle East

Dubai Islamic Bank plans dollar senior sukuk – sources

DUBAI, Aug 31 (Reuters) – Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, is planning to soon sell…
Egypt to issue first corporate sukuk within weeks: official
Business

Egypt to issue first corporate sukuk within weeks: official

CAIRO (Reuters) — Egypt will issue its first corporate sukuk, or Islamic bonds, within weeks, a Financial Regulatory Authority (FRA)…
Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry
Business

Egypt racing time to bridge budget gap with Islamic bonds: Finance Ministry

The Ministry of Finance is working on amendments to laws regulating the issuance of Islamic bonds (sukuk) as a means…
Al-Azhar approves sukuk law
Egypt

Al-Azhar approves sukuk law

Al-Azhar on Thursday approved a law that would allow the country, which is struggling with a soaring budget deficit, to…
Al-Azhar unsure about sukuk bill
Egypt

Al-Azhar unsure about sukuk bill

Al-Azhar’s Senior Scholars Authority held an emergency meeting on Monday to discuss the Shura Council’s bill on sukuk (Islamic bonds),…
Shafiq considering running for president, again
Egypt

Shafiq considering running for president, again

Mubarak-era Prime Minister Ahmed Shafiq said he would return to Egypt within a few weeks, and is considering an alliance…
Sukuk law in state of flux until Al-Azhar review
Business

Sukuk law in state of flux until Al-Azhar review

The Shura Council approved in late March a law allowing the issuance of sukuk, or Islamic bonds, which the heavily…
Al-Azhar asserts role, clashes with Brotherhood
Egypt

Al-Azhar asserts role, clashes with Brotherhood

Al-Azhar said on Thursday its clerics must be consulted on a law allowing the state to issue sukuk (Islamic bonds),…
Nour Party head criticizes Shura Council over sukuk law
Egypt

Nour Party head criticizes Shura Council over sukuk law

  Nour Party head Younis Makhyoun criticized the Shura Council Sunday for passing the draft law allowing Islamic “sukuk” bonds…
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