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Business
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Economy
2/23/2023 1:13:26 PM
Egypt's entrance into the sukuk market had been on the horizon for some time, and now it is a reality. It will be interesting to see whether Egypt will become a regular sukuk issuer or an infrequent one, Bashar Al-Natoor, the global head of Islamic finance at Fitch Ratings, told Ahram Online.
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Business
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Economy
2/22/2023 12:34:39 PM
Egypt sold on Tuesday its first US-denominated sovereign bonds, Islamic sukuk, with a total value of $1.5 billion, Minister of Finance Mohamed Maait said on Wednesday.
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Business
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Economy
2/21/2023 4:02:45 PM
Egypt initiated on Tuesday the issuance of its first US dollar-dominated sovereign bonds, known as Islamic sukuk, with a maturity of three years, in an effort to bridge the anticipated financing gap over the next four years.
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Business
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Economy
1/11/2022 2:45:49 PM
The total Islamic bonds (sukuk) issued in 2021 worldwide grew significantly by 36.1 percent Y-o-Y to reach $252.3 billion, with central banks, governments, and multilateral institutions dominating sukuk issuances, Fitch Ratings said on Tuesday.
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Business
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Economy
10/7/2021 3:07:25 PM
Egypt has begun taking steps to obtain financial facilities to issue sukuk (Islamic sovereign bonds) and green bonds to the tune of $2 billion, the Ministry of Finance announced on Thursday.
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Business
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Economy
8/24/2021 12:14:52 PM
Finance Minister Maait explained that the offer’s proceeds will provide the required finances for the investment projects included in the economic and social development plan of the state’s public budget for FY2021/22
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Business
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Economy
11/4/2020 1:33:42 PM
The move is part of the finance ministry’s plan to diversify its base of investors who want to invest in governmental financial securities
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Business
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Economy
7/18/2013 12:56:02 PM
Islamist-led Tunisian government to develop Islamic finance in response to gaping budget deficit and critically-low foreign currency reserves
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Business
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Economy
11/18/2012 12:40:48 PM
UAE based Dana Gas says it will discuss progress in restructuring the company's $920 million Islamic bond on Sunday morning
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Business
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Economy
2/21/2012 12:39:24 PM
Egypt to offer US dollar certificates of deposit (CD), Islamic sukuk instruments and land to Egyptians living abroad to help raise foreign currency
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