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Business
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Economy
8/21/2023 3:33:08 PM
Companies in Egypt can now issue multiple sukuk with single approval from the Financial Regulatory Authority (FRA), according to the recent amendments to the Capital Market Law (CML) by the Egyptian Cabinet.
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Al-Ahram Weekly
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Egypt
3/1/2023 9:24:00 AM
Further operations are in store following Egypt’s successful $1.5 billion issue of sovereign sukuk bonds.
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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
6/4/2022 10:33:33 PM
Egypt plans to issue its first sukuk (Islamic sovereign bonds) in the upcoming FY2022/2023 with a key objective of financing the budget deficit, Minister of Finance Mohamed Maait told Ahram Online.
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Business
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Economy
4/12/2022 3:36:45 PM
Sukuk issuance globally grew by 11.6 percent in value in the first quarter (1Q) of 2022 to post $64.5 billion, driven by sovereigns and multilateral institutions despite the ongoing challenges, Fitch Ratings said in a report on Tuesday.
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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
10/14/2021 2:00:00 PM
Fitch Ratings expects sukuk momentum to go on over the medium term fuelled by investor appetite, funding diversification and refinancing needs.
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Al-Ahram Weekly
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Economy
10/14/2021 1:55:00 PM
On the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group board of directors, Deputy Division Chief in the IMF Fiscal Affairs Department Paulo Medas explained how the world is handling coronavirus-induced debt to Al-Ahram Weekly.
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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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Egypt
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Politics
8/18/2021 7:07:51 PM
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Business
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7/15/2021 1:02:06 PM
Fitch said that seasonal patterns will affect quarterly sukuk issuance which, following the summer break, is expected to inch up in the remainder of 2021 and beyond
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Al-Ahram Weekly
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Economy
7/13/2021 9:27:09 PM
The hike in the cost of livestock has forced thousands of Egyptian households to buy sukuk to celebrate Bairam, reports Reem Leila
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Egypt
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Politics
7/3/2021 3:18:05 PM
The move comes on the heels of a religious edict allowing non-Muslims to buy sacrificial sukuk
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Business
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6/24/2021 2:11:53 PM
Egypt is to venture into a $2.7 trillion market through its anticipated sukuk issuance, said Al-Natoor
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Al-Ahram Weekly
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Economy
6/10/2021 12:28:00 PM
Egypt will soon be debuting its first sovereign sukuk bonds
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Business
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Economy
6/7/2021 12:43:19 PM
The bill paves the way for Egypt’s government to usher in an Islamic financing system, which recorded $2.7 trillion in transactions globally by the end of June, according to Maait
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Egypt
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Politics
6/6/2021 6:17:00 PM
The finance minister said the bill helps the government raise capital to spend on development projects
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