19 February 2013
Egypt: Finance Minister - Referring Sukuk 'Deeds' Draft Law to Cabinet
Minister of Finance Al-Mursy Hegazy said on Monday 18/2/2013 that Sukuk "deeds" draft law will be submitted to the Cabinet to be ratified and referred to the Shura Council for discussion.
In his speech during the inauguration of the 7th int'l Solidarity meeting that the trend of resorting to financial tools that conform to the Islamic Sharia (law) such as deeds and solidarity insurance would not replace other finance tools.
The Minister added that there would not be any selling or mortgage of any of the state's properties or assets, asserting that all amendments demanded by al-Azhar's Islamic Research Academy would be added to the draft law.
Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.
AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.