Egypt finance minister says financing in next FY will be partly via sukuk - state news agency

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Egypt's coming financial year kicks off on the first of July

Omar Fahmy and Yasmin Hussein, Reuters News

June 4, 2022

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CAIRO - Sukuks, or Islamic bonds, will be part of Egypt's funding in the next financial year, the state news agency (MENA) reported on Saturday, quoting Finance Minister Mohamed Maiit.

Egypt's coming financial year kicks off on the first of July.

Maiit added that the value of the sukuks had not been fixed so far and, regarding green sukuks, he said "we're not there yet".

(Reporting by Omar Fahmy and Yasmin Hussein, writing by Yasmin Hussein, editing by Mark Heinrich)

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