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...
Read moreThe Ministry of Finance has issued a “double tranche” sovereign sukuk on Tuesday (07/10/2025) worth 1.5 billion dollars, which witnessed a significant demand, as subscription requests exceeded 9 billion dollars. The first tranche includes a 3.5-year Sukuk worth 700 million dollars with a yield of 6.375% due in 2029, while the second tranche includes a 7-year Sukuk worth 800 million dollars with a yield of...
Read moreThe Ministry of Finance successfully returned to international markets by completing the second international issuance of sovereign sukuk, compliant with Islamic Sharia principles, on Wednesday (25/06/2025). The issuance, valued at $1 billion and with an annual rate of 7.875% for 3 years, was a private placement, marking the second international issuance under the International Sovereign Sukuk Program, issued in February 2023. The program totals $5...
Read moreThe Ministry of Finance, through the Egyptian Financial Company for Sovereign Taskeek, succeeded in offering the first issuance of sovereign sukuk in the history of Egypt on 28/02/2023, with a value of 1.5 billion US dollars, which witnessed a remarkable turnout, as subscription requests amounted to about 6.1 billion US dollars, meaning that the subscription was covered more than four times. More than 250 investors...
Read moreWithin the framework of the company’s permanent cooperation with the Financial Regulatory Authority, Dr. Hassan Hafez El Kosary, The Managing Director of the Egyptian Financial Company for Sovereign Taskeek (EFC-ST) participated in a sukuk workshop aimed at raising awareness of sukuk as a new financing tool, at the headquarters of the Financial Regulatory Authority and in cooperation with the Islamic Corporation for the Development of the...
Read moreIn the light of following up on everything new in various financing methods generally in the world and specifically the Middle East and North Africa region, Dr. Hassan Hafez,The Managing Director of the Egyptian Financial Company for Sovereign Taskeek, had responded to the invitation of the Islamic Development Bank in the Kingdom of Saudi Arabia to participate in the “Private Sector Forum for the Islamic...
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