Egypt to issue first sovereign sukuk soon
June, 2022
Egypt is seeking to attract new segments of local and foreign investors who are interested in investing as per sharia law
Egypt is seeking to attract new segments of local and foreign investors who are interested in investing as per sharia law by issuing the sovereign sukuk, Maait noted.
It is worth noting that Minister of Finance Mohamed Maait previously announced that Egypt would issue the first sovereign sukuk in the second half (H2) of fiscal year (FY) 2021/2022.
In April, the Egyptian Cabinet approved the executive regulations of the Sovereign Sukuk Law No. 138 of 2021.
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