Finance Minister Adviser Ahmed El-Nagar said that the Ministry will start the Sukuk issuance project for financing economic and social projects in the last quarter of the current Fiscal Year’s budget. Nagar noted that proposals by the Islamic Research Academy were taken into consideration, adding that Azhar will review the bill before endorsement.
He noted that a seven-member central Sharia panel will be formed for Sukuk issuance. The premier will be in charge of appointing the panel members - in view the finance minister nominations - for a three-year renewable term………………………………………..Full Article: Source