The Cabinet, under Prime Minister Hisham Qandil, stressed that the now-debated Sukuk (Sharia-compliant bonds) is not an alternative to the other financing tools.
The final blueprint of the Sukuk bill will be presented to the Cabinet next Wednesday 27/2/2013 after taking into consideration all remarks made by al-Azhar, the Central Bank of Egypt and investment associations. If approved, it will be referred to the Shura Council for endorsement on the same day………………………………….Full Article: Source