16.02.2012 - Egypt to sell $2bln worth of Islamic bonds
The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2bn through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said. "The Egyptian government is convinced that a foreign currency sukuk will fund the country's development projects and can also bridge the gap in its currency reserves," Sheikh Hussein Hamid Hassan told Reuters...............................................Full Article: Source
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