Tunisia approves the use of Islamic bonds, sukuk
The NCA approved a bill that will legalize Islamic bonds or Sukuk on last Wednesday. The voting came out with a smashing majority of 102 votes against 3. The new law is likely to stimulate investments coming from the rich region of the Gulf and and close in the gap of the budget deficit. Tunisia's budget deficit is likely to raise to $3.2 billion for the incumbent financial year.
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