IslamicFinance.de

It is well known that Egypt is considered the birthplace of islamic finance. But because of past corruption scandals, there was a time in which the previous government wanted a financial system that was more economic.
Now, after Hosni Mubarak and his government was brought down, Muslims are welcoming Islamic banking, giving Egypt the chance to be the center of Islamic finance.

Islamic bonds from the Arabian Gulf may extend last week’s rally as the resignation of Egyptian President Hosni Mubarak bolstered investor confidence that turmoil in the Arab’s world’s most populous nation will subside.
The yield on Dubai’s 6.396 percent sukuk due November 2014 declined 25 basis points last week to 6.28 percent on Feb. 11.