Egypt’s Senate discusses new sovereign sukuk law

egypt sukuk senate sovereign law
  • Date: 19-May-2021
  • Source: Salaam Gateway
  • Sector: Economy
  • Country: Egypt
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Egypt’s Senate discusses new sovereign sukuk law

Published 17 May,2021 via Daily News Egypt - Egypt’s Senate met, on Monday, to discuss a new government-drafted law on sovereign sukuk (bonds).

The Senate will look into a parliamentary report on the draft sovereign sukuk bill jointly prepared by the Financial, Economic and Investment Affairs Committee, and the Office of the Constitutional and Legislative Affairs Committee.

The bill includes 24 articles, and was approved by the cabinet last November. It aims to contribute to improving the state’s financial performance, and achieving the short- and long-term objectives of covering the budget deficit.

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