Sukuk

FRA agrees to issue ‘mudaraba sukuk’ worth EGP 2bn

The Financial Regulatory Authority (FRA) approved the issuance of “mudaraba sukuk” compatible with the provisions of Islamic Sharia with a value of EGP 2bn for a period of 84 months, starting from the…
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Sukuk used to attract new segments of investors; Finmin

Egypt’s vision to diversify financial resources and tools had proven to be correct, Finance Minister Mohamed Maait said.
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HSBC, Citi among banks selected for Egypt’s First Islamic Bonds

Egypt has reportedly appointed six international banks to manage its maiden $ 2 billion sovereign sukuk issuance, Bloomberg reports, citing unnamed sources it says have knowledge of the matter.
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Egypt to issue its 1st sovereign sukuk offering before end of next June

Egypt will issue its first sovereign sukuk offering before the end of next June, according to Deputy Minister of Finance for Financial Policies, Ahmed Kojak.
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Egypt expected to see EGP 5bn worth sukuk issuances in 1H 2022

Palm Hills is expected to launch its first sukuk offering in January 2022, with a value of EGP 3bn, and to be followed by another offering with a value of approximately EGP 2bn before the middle of…
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