| After lengthy debate and weeks of delay, the final version of the law regulating the issuance of sukuk, or Islamic bonds, was approved by the cabinet and sent to the Shura Council's economic committee this week for discussion and endorsement.
In a press conference on Sunday, Minister of Finance Al-Morsi Hegazi sought to assuage public concerns that the new law could open the door to selling public assets. Hegazi stressed that Article 3 of the new law prohibits the selling or mortgaging of state propriety, instead allowing the "utilisation" of such assets...............................................Full Article: Source
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