Multinational banks such as Citibank, Credit Agricole and the Islamic Development Bank expressed willingness to provide support to Egypt in the early stages of issuing Islamic bonds, an adviser to the finance minister said. Ahmed al-Naggar, the adviser responsible for the Islamic bonds, or sukuk, said the banks were willing to provide technical and administrative support and to train staff.
“They are willing to do so because they project good growth rates,” Naggar told state news agency MENA, referring to the bonds, and adding that they would be offered on the stock exchange and global financial markets………………………………………..Full Article: Source