The Shura Council has not officially received yet the bill on Islamic Sukuk (bonds) from the government and would draft one if a delay was made in the government’s presentation, said chairman of the council’s financial committee Mohamed el-Fiqqi. On Saturday 6/1/2012, the Finance Ministry refuted accusations by two Islamist Parties on its draft law on issuing Sukuk.
The ministry denied that the bill has loopholes that allow people to acquire state-owned property for Sukuk without confining this to usufructs as alleged by the Muslim Brotherhood”s Freedom and Justice Party and Salafist Al-Nour Party………………………………………..Full Article: Source