Tunisia approves the use of Islamic bonds, sukuk

Posted by on Jul 24th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

The NCA approved a bill that will legalize Islamic bonds or Sukuk on last Wednesday. The voting came out with a smashing majority of 102 votes against 3. The new law is likely to stimulate investments coming from the rich region of the Gulf and and close in the gap of the budget deficit. Tunisia's budget deficit is likely to raise to $3.2 billion for the incumbent financial year.

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