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Egypt to sell $2bln worth of Islamic bonds

Posted on 16 February 2012

Sheikh Hussein Hamid HassanThe Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2bn through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said.
“The Egyptian government is convinced that a foreign currency sukuk will fund the country’s development projects and can also bridge the gap in its currency reserves,” Sheikh Hussein Hamid Hassan told Reuters………………………………………..Full Article: Source

 
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