IslamicFinance.de

It seems thst Islamic financial institutions in general are waiting to see what will happen to Egypt, one of the laboratories of the contemporary Islamic finance movement and currently in political and economic transition with elections — both parliamentary and presidential — due later this year.
This is happening although in June the board of directors of the Egyptian Financial Supervisory Authority (EFSA) approved a proposal to amend the Executive Regulation of Capital Market Law No. 95 of 1992 regarding the rules governing issuing and trading in sukuk, in other words the law is in the process of being amended to facilitate the issuance of sukuk primarily to support economic development and investment in the country.