09.04.2013 - Al-Azhar unsure about sukuk bill
Al-Azharís Senior Scholars Authority held an emergency meeting on Monday to discuss the Shura Councilís bill on sukuk (Islamic bonds), which President Mohamed Morsy sent to them to determine if it is compliant with Sharia. The board discussed the draft law for four hours, and had reservations regarding Article 20, said a source. The article stipulates that the legal committee that would determine whether the sukuk conform to Sharia would be formed by the finance minister, in contradiction with Article 4 of the Constitution, which says that Al-Azhar would rule in all matters regarding Sharia...............................................Full Article: Source
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