Egypt: Finance Ministry – Sukuk Issuance Will Be in 4th Quarter of Current Fiscal Year
The Egyptian Finance Ministry will start its Sukuk issuance project in the last quarter of the current fiscal year. The project for financing economic and social projects will help to curb budget deficit. For Sukuk issuance, a central Sharia panel of seven members will be formed. The premier will be responsible for the appointment of the panel members.