Wed, Feb 19, 2020
A A A
Welcome bhaimia
RSS

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

Egypt’s top religious authority approves Islamic bonds law

Posted on 12 April 2013

Egypt’s top religious authority on Thursday approved a law that would allow the Arab country struggling with a soaring budget deficit to issue Islamic bonds but said some articles passed by parliament must be amended.
The parliament led by the Muslim Brotherhood’s Freedom and Justice Party approved the law in March and referred it to President Mohamed Mursi. Al-Azhar, the country’s leading Islamic authority, protested, saying its top scholars should have been consulted, as stated in the new, Islamist-tinged constitution………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
February 2020
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
242526272829