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Egypt’s Senate preliminarily approves draft law on sovereign Sukuk

Egypt’s Senate preliminarily approves draft law on sovereign Sukuk
The value of the global Sukuk market reached $2.7 trillion

Cairo – Mubasher: Egypt’s Senate approved in principle a draft law on the issuance of sovereign Sukuk, the Middle East News Agency (MENA) reported on Monday.

The law will regulate the issuance of sovereign bonds in compliance with the Islamic Sharia principles.

Sovereign Sukuks have become an attractive investment instrument as the value of the global Sukuk market reached $2.7 trillion.