Latest in Tag: Sukuk Highlight
Latest in Tag: Sukuk
The fate of Islamic bonds remains vague after the ouster of the Muslim Brotherhood
Abdullah Al-Adali, chairman of the taxes division at Price Waterhouse Coopers, stated that he supported keeping the country’s Islamic bonds law as it was despite the removal of Morsi.
Finance Ministry official: Bylaws for new sukuk law to be released soon
Ministry to collaborate with public and private institutions to draft law; will also provide training courses on its application
New sukuk projects awaiting bids
Finance Ministry advisor: Sukuk not affected by Egypt’s recent credit downgrading
Sukuk law approved, government to hold two bidding rounds for projects
Now that the law has been approved, the government is set to hold two bidding rounds for sukuk projects, the first to be held in US dollars and the second in Egyptian pounds
New finance minister: budget and tax reforms are priority
Fayyad Abdel Moneim is a former economics professor at Al-Azhar University
Al-Azhar scholars submit sukuk law objections to Shura Council
Scholars objected to articles 1, 2, 3 4, 9, 11, 20, 22 and 30
Ain Shams train project established through sukuk
Project worth EGP 4.5bn in investments
Shura Council Economic Committee set to accept $50m from Islamic Development Bank
Economic Committee: We are reviewing our losses as a result of Egypt’s dollar crisis
After Arab Spring, Islamists test religion in economics
By Farah Halime With the rise of political Islam across North Africa in the wake of the Arab Spring uprisings of 2011, Islamic finance is being touted as the solution to decades of unemployment and economic inequality. “We’ve tried socialism, we’ve tried capitalism, now we’re trying Islam,” cried supporters of Mohamed Morsi, when he was …
Free Egyptians Party launches campaign to reject new sukuk law
Party accuses government of being ready to sell Egypt’s assets to stay in power even at expense of future generations
Seventeen PPP projects to be financed using sukuk: Panel
Panelists at the 2nd Annual PPP Investment Summit called the new sukuk law ‘quantum leap’ towards introducing Sharia-compliant products to the Egyptian market
Energy subsidies to be lifted in three years: Hatem Saleh
Claims the State is seeking to restructure subsidies
Al-Beltagi: Real risk to Egypt’s economy is exodus of investors
Sukuk to be used as source of funding for development projects, he said
Shura council approves sukuk law
New law will be sent to the Council of Senior Scholars at Al-Azhar for review as outlined in the recently adopted Constitution
Shura council approves sukuk draft law
Upper house modifies 13 articles
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
‘We did our homework’: Minister of Finance
The economic take-off program will be applied ‘whether the IMF comes or not’, says the ministry
El-Najjar: Ministry of Finance to issue Sukuk law in June
During its meeting on Tuesday, the economic committee at the Shura Council continued deliberating the sukuk bill as it discussed the technical aspects of the project law
Finance minister invites British investors to participate in PPP projects
‘World Finance’ awards Egypt ‘Best Water Project, Middle East & Africa’ award
Morsi introduces massive national projects
President Mohmed Morsi made a television appearance yesterday with TV host Amr El-Leithy where he discussed new massive national projects, controversy about usury from the proposed IMF loan and average Egyptian’s minimum wage.
FDI at ‘near-zero’, says minister
Sukuk is expected to finance needed investments, says official
Sukuk law to be deliberated by Shura council, Wednesday
The word ‘Islamic’ was removed from the new law
The 7th International Takaful Summit in Egypt
Egypt hosting the summit reflects confidence in the country’s economic future, said keynote speaker and minister of finance, Al-Morsi Hegazy
Shura Council seeks national consensus on sukuk
New draft law for sukuk aims to help the Egyptian economy recover and generate more investment
What you need to know about Sukuk
What is the different between Sukuk and bonds?
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.
EFSA finalises new sukuk law
Draft law only regulates sukuk issued by companies and legal persons
Sukuk law remains under deliberation
Islamic political parties push for the Sukuk law
Islamists to meet with Saleh to discuss Sukuk Law
Members of prominent Islamist parties are set to meet with Minister of Investment Ossama Saleh next Monday to discuss the possibility of introducing Islamic debt guidelines. “This meeting is mainly to coordinate between political parties and the government to come up with a coherent legal framework in order to issue sukuk [Islamic bonds] in Egypt,” …
Ministry of Finance to issue more FRNs
The Ministry of Finance has reported it will issue an additional EGP one billion in Floating Rate Notes (FRNs) by the beginning of October. FRNs are bonds with a variable interest rate that changes every six months and is tied to a certain money-market index. According to experts, FRNs provide protection to investors against drops …