All data is delayed
Loading...
See More

Egypt approves law on Islamic bonds

Jan 16 2013 16:05
Reuters
markets,mohamed mursi

The Islamist-led Egyptian administration had amended the original draft of the law following criticism from religious scholars. Brokers in Egypt. (AFP)

Related Articles

Egypt's currency hinges on households

Egypt reserves plunge

S&P cuts Egypt rating on political strife

Fragile economy overshadows Egypt vote

Egypt stocks plunge after Mursi power grab

IMF deal to prop up Egypt's economy

 
Cairo - The Egyptian government has approved a draft law allowing the issuance of sovereign Islamic bonds, Finance Minister Al-Mursi Al-Sayed Hegazy said on Wednesday.

The Islamist-led Egyptian administration had amended the original draft of the law following criticism from religious scholars.

"The cabinet today agreed to the draft sukuk law," Hegazy said during a news conference.

The legislation still needs to be approved by parliament.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

egypt  |  law  |  islamic finance  |  bonds

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Working remotely is:

Previous results · Suggest a vote

Loading...