Egyptian Finance Minister al-Morsi Hega y said Sunday that the sukuk (Islamic-sanctioned bonds) project is a new funding window for Egypt and it is not an alternative for another funding tool or method. At a press conference at the ministry’s headquarters in Cairo, Hega y said “sukuk project does not mean privati ation”, explaining that it starts as something private then it turns into public ownership.
Islamic bonds not meaning privati ation: Egypt's finance minister
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