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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Egypt amending sovereign sukuk bill after controversy

Posted on 16 January 2013

Egyptian officials are revising a draft law that would allow the government to issue sukuk (Islamic bonds), after criticism by religious scholars, finance minister Al-Mursi Al-Sayed Hegazy said on Tuesday.
“Proposed amendments to the Islamic instruments bill that were mentioned by the Islamic Research Academy have been taken into account,” he told Reuters after meeting with top officials of Egypt’s prestigious Al-Azhar university at its headquarters………………………………………..Full Article: Source

 
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