Draft law includes 24 articles and approved by cabinet last November
Latest in Tag: sukuk law Highlight
Latest in Tag: sukuk law
Scholars objected to articles 1, 2, 3 4, 9, 11, 20, 22 and 30
Al-Azhar’s Council of Senior Scholars will extend discussion of the law to Thursday
Salafi party expresses confidence that new version of law will address needs and concerns of all political groups
The president of EFSA called for the current sukuk law to be amended, as it does not adequately punish those who would launder money using sukuk
Finance minister: Islamic Development Bank to invest $6 bn after law passes
The sovereign sukuk law is intended to organise the financing of the government, state budget, national projects and public institutions. It was released by the government but opposed by Al-Azhar and Islamic parties.
The sovereign sukuk law released by the government is intended to organise the financing of the government, state budget, national projects and public institutions.