First Arab Forum for Sovereign Sukuk launched in Egypt

This forum is particularly of interest to the Arab investor and the banking sector

  
Image used for illustrative purpose. Cairo Skyline along Nile River. The bridge, the Nile river & the Corniche Street in central Cairo.

Image used for illustrative purpose. Cairo Skyline along Nile River. The bridge, the Nile river & the Corniche Street in central Cairo.

Getty Images
 
RIYADH: The first Arab Forum activities on “Sovereign Sukuk and its Role in the Development of Arab Societies,” has launched today in Egypt’s Cairo by the Arab Organization for Administrative Development Organization with the participation of Saudi Arabia and 14 countries, SPA reported.

This forum is particularly of interest to the Arab investor and the banking sector, ARADO Director General Nasser Al-Hatlan Al-Qahtani said.

The sovereign sukuk is an important financial tool for development, especially as it allows the investment of funds in accordance with the provisions of Islamic Shariah, he said.

The two-day conference will discuss the role of Islamic sukuk in facing economic challenges in the Arab region and the experience of the Islamic Development Bank in issuing sukuk as a tool for development for Arab countries.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Islamic Finance