The Egyptian economy is paralyzed by the lack of an agreement with the IMF and the political power struggle over the sukuk bill is not helping anything. Best scrap the sovereign sukuk law for now and focus on enabling companies to issue sukuk once the foreign exchange crisis ends.
UPDATE (via @Reuters): "Egypt's top religious authority approves law to issue islamic bonds"
Join the ThomsonReuters Islamic Finance Gateway to read this and other articles..
Join the discussion on this subject and others in the IFG Community on Tuesday mornings at 9:30am Mecca time (GMT+3).
Receive updates and discuss new developments in Islamic finance on our social media sites using LinkedIn,Facebook, and Twitter