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Egypt aims for sukuk rules in Q1 2011: regulator

Posted on 09 November 2010

From Reuters: Egypt is aiming to complete a draft of its first regulations governing sukuk, or Islamic bonds, by the end of this year, and to apply the rules in the first quarter of 2011, its financial regulator said on Monday.
Egypt’s large, mostly Muslim population is a draw for Gulf Arab banks looking to expand in the region. But its Islamic finance industry is still in its infancy and the sukuk market has lagged those of Malaysia, Indonesia and other countries……………………………………….Full Article: Source

 
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