The Ministry of Finance announced the issuance of the first issue of sovereign sukuk in the local market on (04/11/2025).
The Ministry of Finance launched the first issuance of sovereign sukuk in the local market worth 3 billion Egyptian pounds with a term of 3 years and a return rate of 21.561%.
The offering was covered within 5 times, with the yield rate accepted at a lower cost than conventional bonds, 26.2 basis points lower than the indicative rate of 21.82% for conventional bonds issued the previous week and 14.3 basis points lower than the average yield rate for treasury bonds issued on the same day and with the same term, which were accepted at an average yield of 21.703%.
A public program to issue sovereign sukuk in the local market with a Sharia-compliant Ijara structure was established as part of the Finance Ministry’s strategy to expand the investor base and reduce the cost of debt servicing.
