Sukuk draft law released

The final draft of Egypt's sukuk law has been submitted to the finance ministry. It will now be xamined by parliament according to the head of the Egyptian Financial Supervisory Authority (EFSA) Ashraf ElSharkawy. According to ElSharkawy, the goal of the government was social dialogue with political parties and economic associations rather than the EFSA. He further made clear that the sovereign sukuk law released by the government is designed to organise the financing of the government, state budget, national projects and public institutions.

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