IslamicFinance.de

National Bank for Development (NBD) and Abu Dhabi Islamic Bank launched "5 years Sukuk plus". This term means an Islamic Shari'a compliant medium term saving product in Egyptian pound. It will give customers annual profit posted on monthly basis with expected profit rate ranging between 9% and 9.25%.
The minimum value of "5 years Sukuk plus" is EGP1000 and multiples. The Sukuk profit is posted on the customer's account on the first day of each month.

Egypt, home to the Arab world’s largest Muslim population, will issue its first Islamic debt guidelines in 2011 to catch up with the Persian Gulf and Southeast Asia and help spur sales.
Al Baraka Bank Egypt ESC, a Cairo unit of Bahrain-based Islamic lender Albaraka Banking Group, may sell dollar- denominated Islamic bonds, known as sukuk, in the second half of 2011.
Al Baraka, Faisal Islamic Bank of Egypt and National Bank for Development are the nation’s only Shariah- compliant financial institutions.