Tagged: Egyptian Financial Supervisory Authority

Sukuk law to be deliberated by Shura council, Wednesday

Islamic Finance

2013-02-20

Sukuk law to be deliberated by Shura council, Wednesday

The new Egyptian Sukuk law will be approved on Wednesday by the cabinet before being referred to the Shura Council on the same day. It is fully Sharia-compliant, and it will have a special Sharia committee to oversee its implementation, said Ahmed El-N…

Sukuk law is drafted

Islamic Finance

2012-12-11

Sukuk law is drafted

The draft of the sukuk law aiming to regulate the trading of bonds in a manner compliant with Islamic law was finished by the Egyptian Financial Supervisory Authority (EFSA). In a statement, EFSA explained that the draft was created following a detaile…

EFSA finalises new sukuk law

Islamic Finance

2012-12-05

EFSA finalises new sukuk law

The Egyptian Financial Supervisory Authority’s (EFSA) draft law regulating Shari’a compliant debt tools has been brought to a final version. The proposition consists of 30 articles which establish a legal framework for the issuance and transaction of…

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