Egypt's financial regulator has selected 14 Islamic banking scholars to form the Islamic Supervision Committee for Sukuks, head of the Egyptian Islamic Finance Association Mohamed El-Beltagy told Amwal Al Ghad. El-Beltagy explained that the Egyptian Financial Supervisory Authority (EFSA) has finalised a draft law to regulate the Shariah-compliant Islamic bonds (sukuks), and will be submitted to the country's president in the coming period. The new law will contribute to expand the volume of the Islamic banking transactions in Egypt, he noted. The Egyptian authorities seek to help to repair the national economy by using Islamic bonds to tap into new sources of domestic and foreign liquidity. Amwal Al Ghad is publishing in the table below the list of the 14 names entitled to form the Islamic Supervision Committee for Sukuks: No. Member's Name Occupation 1) Dr. Nasr Farid Wasel Former Egyptian Grand Mufti 2) Dr. Ali Gomaa Former Egyptian Grand Mufti 3) Dr. Saad El-Din Hilaly Head of the Department of Comparative Jurisprudence at Al-Azhar University 4) Dr. Youssef Mohamed Qassem Professor of Islamic Law 5) Dr. Mohamed El Shahhat El Gendy Member at Al Azhar Islamic Research Academy 6) Dr. Mohamed Abdel Hakim Mohamed Zoeir PHD in Islamic Law, member in a number of Islamic Supervision Committees for Arab banks. He has worked for the Central Bank of Egypt (CBE). 7) Dr. Mohamed Nabil Ghanayem Head of the Sharia Board at the United Bank 8) Dr. Abbas Shoman Under-secretary of Egyptian Ministry of Endowments and member of Sharia Board at the United Bank 9) Dr. Ahmed Ali Gharib Al Dorghamy Head of Central Department of Islamic Funding at Banque Misr 10) Sheikh Gamal Kotb Former chairman of Al Azhar Fatwa Committee 11) Dr. Mohamed El-Beltagy Head of the Egyptian Islamic Finance Association 12) Dr. Mohamed Anwar Shalaby Former Egyptian Grand Mufti 13) Dr. Sherif Sayed Attia Bayoumi Head of Investment Department at Banque Misr 14) Dr. Essam Abdel Hady Ahmed Abou El Nasr Professor of Accounting at Al Azhar University
