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Business
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Economy
1/2/2013 6:05:49 PM
Egypt’s core Islamic institution contests a bill on Islamic bonds, saying it is not compliant with Sharia law that prohibits usury
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Business
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Economy
12/20/2012 4:30:10 PM
Draft law will allow finance ministry and state-run administrative bodies to issue bonds which are in compliance with Islamic sharia law
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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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Economy
10/24/2012 5:55:02 PM
Bank will resume sukuk sales, frozen since 2011 when economic crisis raised the risk of default
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Business
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Economy
10/19/2012 5:13:19 PM
Change of chief for company creating a cross-border market for Islamic finance instruments
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Business
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Economy
10/1/2012 12:05:55 PM
Central bank head says a higher committee for Sharia-compliant finance has been established, with rules in effect by year's end
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Business
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Economy
9/26/2012 11:05:29 AM
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Business
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Economy
9/18/2012 11:09:19 AM
A key shareholder in Dana Gas, Crescent Petroleum, says it is optimistic about repayment of $920 million convertible Islamic bond in October
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Business
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Economy
4/26/2012 5:24:35 PM
Market's heavy interest in 'sukuk' is a sign of returning investor confidence, says government
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Business
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Economy
4/10/2012 2:06:15 PM
Certificates will carry a 4 per cent interest rate and be sold in $1,000 multiples, says central bank
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Business
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Economy
4/5/2012 12:11:35 PM
Planning minister says Egypt has agreed sales of certificates of deposit with all but one Gulf country, a move that will raise the government $1 billion
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Business
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Economy
3/15/2012 12:08:40 PM
Islamic finance will 'make the market more dynamic and add choice', says finance ministry official
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Business
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Economy
3/11/2012 4:57:01 PM
The Kingdom's largest dairy producer raises a billion riyals through sukuk sale, says the firm
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Business
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Economy
2/22/2012 6:18:40 PM
Certificates will have interest rates of up to 4 per cent and mature within 5 years, says finance minister
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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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Business
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Economy
2/14/2012 2:04:20 PM
The government's historic first issue of foreign currency 'sukuk' will help bridge Egypt's widening budget gap, says a Dubai-based theorist
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Business
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Economy
1/18/2012 5:53:03 PM
Government is studying a new legal structure to allow the issuing of a sovereign 'sukuk', says insider
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Business
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Economy
1/17/2012 2:21:39 PM
The only listed natural gas firm in the Gulf announces it has appointed an international firm to advise on its $920 million convertible sukuk
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Business
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Economy
1/3/2012 1:47:26 PM
Cash-strapped government announces sale of Islamic bonds at higher-than-usual yields in an effort to raise funds
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Business
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Economy
12/13/2011 12:41:52 PM
Expansion will double capacity of capital's airport to 24 million passengers with funding coming from government finances or Islamic bonds issued by aviation authority
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