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

Egypt clerics pick holes in Islamic bonds law

Posted on 16 April 2013

A law that will allow Egypt’s Islamist-led state to issue Islamic bonds contravenes the sharia in numerous ways, according to a panel of senior Muslim clerics whose objections are likely to hold up ratification of the legislation.
President Mohamed Mursi of the Muslim Brotherhood referred the law to the Senior Scholars Authority of Al-Azhar, a thousand-year seat of Islamic learning, after it was driven through parliament by his Islamist allies last month………………………………………..Full Article: Source

 
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