11.10.2010 - Egypt to issue Sukuk rules in 2011 to compete with Gulf

From Bloomberg: Egypt, home to the Arab world’s largest Muslim population, will issue its first Islamic debt guidelines in 2011 to catch up with the Persian Gulf and Southeast Asia and help spur sales. “The target of issuing these regulations is to help companies that want to issue sukuk,” Ziad Bahaa El-Din, chairman of the Cairo-based Egyptian Financial Supervisory Authority, said..........................................Full Article: Source

Print