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Thndr Claps » EGY Claps » Governmet ready to issue its first sukuk

Governmet ready to issue its first sukuk

by Ziad Amin
May 23, 2022
Sukuk, Sukuk Egypt, Sharia Sukuk, Islamic Sukuk, Egypt Sukuk, Sukuk Mohamed Maait

The Clap
Minister of Finance Mohamed Maait stated that the issuance of the state’s first sovereign sukuk is expected to be during the current quarter.

The deets
Maait revealed that issuing sukuk is part of the state’s plan to attract investors interested in Sharia-compliant investing instruments.

The government is seeking to issue bonds to finance projects that have a social dimension, such as the “Haya Karima” initiative.

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