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Egypt’s treasury hails Al-Azhar’s nod to Islamic bonds bill | Islamic Finance News
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Egypt’s treasury hails Al-Azhar’s nod to Islamic bonds bill

Posted on 02 May 2013

Egypt’s Finance Ministry on Wednesday hailed the consent of Al-Azhar, the country’s highest Islamic reference, to the Islamic bonds (sukuk) draft law.
“The final unanimous approval of the sukuk bill among various members of the Shura Council (the upper house) and Al- Azhar represents a strong push to this new investment finance system in the country,” official news agency MENA quoted Ahmed al- Naggar, the finance minister’s adviser, as saying………………………………………..Full Article: Source

 
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