Egypt prepares to issue its first sovereign sukuk: Finance Minister
Published 07 Jun,2021 via Daily News Egypt - Sukuk would attract a new segment of Egyptian and foreign investors interested in financial investment in accordance with the principles of Islamic Sharia
Egypt’s Minister of Finance Mohamed Maait has confirmed that the country is preparing to issue the first offering of sovereign sukuk immediately after parliamentary approval.
It will also follow the issuance of the sovereign sukuk law, which will contribute to achieving financial, economic, and development goals by diversifying the sources of financing the state’s general budget deficit. The law will also provide the financial allocations needed for investment projects.
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