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Egypt plans to issue Islamic debt guidelines next year

12 October 2010

Egypt's Financial Supervisory Authority has said the country plans to issue its first Islamic debt guidelines in 2011, to catch up with the GCC and Southeast Asia regions and help spur sales, Bloomberg has reported. "The target of issuing these regulations is to help companies that want to issue sukuk," Ziad Bahaa El-Din, chairman of the authority said. "Right now, we don't have a framework to help anybody who wants to issue sukuk."

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