09.05.2011 - Egypt’s MB plan to close budget gap with Sukuk
Egypt’s Freedom and Justice Party, set up by the Muslim Brotherhood to contest up to half the seats in a parliamentary election scheduled for September, is proposing the government sell Islamic bonds for the first time to help plug the country’s deficit. Ashraf Badr el Din, a member of the MB committee that wrote the party’s economic platform, argued that a high percentage of the Egyptian people have reservations about charging interest and that such a financing tool would encourage these people to invest their money..............................................Full Article: Source
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