Egypt’s Senate discusses new sovereign Sukuk law
Draft law includes 24 articles and approved by cabinet last November
Latest in Tag: sukuk law Highlight
Latest in Tag: sukuk law
Al-Azhar scholars submit sukuk law objections to Shura Council
Scholars objected to articles 1, 2, 3 4, 9, 11, 20, 22 and 30
‘Some articles of sukuk law incompatible with Shari’a’: Council of Senior Scholars member
Al-Azhar’s Council of Senior Scholars will extend discussion of the law to Thursday
Al-Nour: Al-Azhar will send redrafted version of sukuk law to Shura Council
Salafi party expresses confidence that new version of law will address needs and concerns of all political groups
EFSA warns of use of sukuk for money laundering
The president of EFSA called for the current sukuk law to be amended, as it does not adequately punish those who would launder money using sukuk
Cabinet approves sukuk law and defers it to legislative committee
Finance minister: Islamic Development Bank to invest $6 bn after law passes
New finance minister to review sukuk law
The sovereign sukuk law is intended to organise the financing of the government, state budget, national projects and public institutions. It was released by the government but opposed by Al-Azhar and Islamic parties.
Sukuk draft law released
The sovereign sukuk law released by the government is intended to organise the financing of the government, state budget, national projects and public institutions.