Egypt: Shura Council Rejects Islamic Sukuk Bill for Violating Islamic Law

The economic committee of the Shura Council (SC) showed its support to the Islamic Research Academy of al-Azhar's decision to reject the bill of the ministry of finance on Islamic sukuk. It is said that the bill lacked legitimate aspects. Meanwhile, a new draft law over Islamic bonds has been made public by al-Azhar Grand Sheikh Ahmed el-Tayyeb.

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