Egypt sovereign sukuk law still mired in uncertainty

July 2014

I have participated in Zawya's report on the sukuk law in Egypt. Quoting: "In Egypt's case, public debt can be reduced if sukuk issues are used to finance infrastructure projects, which are sukuk friendly because they are backed by a physical asset. The role of the government would then be to manage the sukuk program and oversee and coordinate between investors and the project without burdening the state budget," said Bassel Nadim of Tanmia Capital"

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