Hisham Qandil

Egypt: Cabinet: Islamic Bonds Not Alternative to Other Funding Tools

The Cabinet, under Prime Minister Hisham Qandil, stressed that the now-debated Sukuk is not an alternative to the other financing tools. The final blueprint of the Sukuk bill will be presented to the Cabinet next Wednesday 27/2/2013 after taking into consideration all remarks made by al-Azhar, the Central Bank of Egypt and investment associations. If approved, it will be referred to the Shura Council for endorsement on the same day. On the other hand, The Cabinet reviewed the security situation and urged protesters in Tahrir Square to allow the flow of traffic for the sake of citizens.

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