The draft law on sukuk (Islamic bonds) will likely be approved by all the necessary institutions, including the Finance Ministry, the Investment Ministry and Al-Azhar, newly appointed Finance Minister Al-Morsy Hegazy said.
“The first three chapters of the draft law would be approved in a few days,” Hegazy said. The ministry had prepared an earlier draft law on the issue, which was rejected by the Islamic Research Academy of Al-Azhar. Later, the Shura Council Economic Committee proposed an updated draft law on sukuk………………………………………..Full Article: Source