The offering has already attracted over $9 billion in investor orders, reflecting robust demand for the country’s Sharia-compliant sovereign debt instruments, it explained.
Similarly, Islamic financing reached EGP 886 billion, making up 6% of total loans issued nationwide. This reflects a year-on-year increase of EGP 310 billion—also a 54% rise.
Islamic Economy Summit opens in Istanbul with calls for a values-based global model and stronger Muslim world partnerships.
The new approvals contribute to a cumulative total of EGP 25.7 billion in sukuk issued on Egypt’s capital market since the first Islamic-compliant sukuk launched in 2020.
Finance Minister Ahmed Kouchouk announced confirming that the issuance is scheduled for the first quarter of 2025.
