The Egyptian Financial Supervisory Authority (EFSA) is reported to have finished the draft of a law governing the issuance of Sukuk in the country.
Egyptian newspaper Al Ahram reports an EFSA statement as saying the draft legislation was put together after studying international experiences in such regulations. The draft includes activities that may be financed by Sukuk and the different kinds of financing instruments available. The bill stipulates the approval of a committee of three Shari’ah scholars on any Sukuk offering before it is issued………………………………………..Full Article: Source