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

FJP leader criticizes Salafi Nour Party over sukuk draft law

Posted on 15 April 2013

Sobhi Saleh, a leading Freedom and Justice Party figure, harshly criticized the Salafi Nour Party over its stance against a law that would allow the state to issue sukuk, or Islamic bonds. He called on the Nour Party to stop “analyzing and prohibiting matters for certain political gains,” after the party threatened to challenge the sukuk law before the Supreme Constitutional Court.
Last month, the FJP-led Parliament approved the draft law on sukuk, referring it to President Mohamed Morsy, who in turn referred it to the Al-Azhar Council of Senior Scholars, a panel of top Islamic scholars, for their opinion. The council approved the draft law………………………………………..Full Article: Source

 
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