Despite the low value of finance offered to the real estate sector in the last two years by local banks in Egypt and the claims of real estate developers that banks are retreating from financing the sector, heads of banks and credit sectors affirm (...)
Before bringing into effect the sukuk law, the Egyptian policy makers shall consider a number of issues such as how to calculate the rate on sukuk, the guarantee offered to investors that can be hypothecated and the availability of the market-maker (...)
Emad El-Mansoury, head of credit sector at the United Bank, demands the amendment of the sukuk draft law to ban foreign investors from owning the country's sovereign assets and projects as some media said the country will hypothecate the sovereign (...)
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, stated that many international banks await the issuance of the sukuk law in Egypt to inject investments to the country. These banks offered bids totaling billions of dollars to (...)