On February 28, 2023, the Ministry of Finance, through the Egyptian Financial Company for Sovereign Taskeek, succeeded in offering the first sovereign sukuk issuance in the history of Egypt in the leasing form, with a value of 1.5 billion US dollars for a period of three years, as part of a sukuk issuance program worth 5 billion US dollars. Subscription requests amounted to about 6.1 billion US dollars, meaning the subscription was covered more than four times, and more than 250 investors applied in various global financial markets. The cost of the issuance was less than the required return on Egyptian bonds in international secondary markets by more than seventy points. The coupon price on the issuance was reduced by about 75 basis points compared to the opening prices announced at the beginning of the offering process at the level of 11.625%, so that the issuance coupon closed at 10.875%. The issuance attracted a new base of investors in the Gulf countries and East Asia, in addition to European countries and the United States which prefer financial transactions that are compatible with the principles of Islamic Sharia, in addition to the quality of investors witnessed in the offering, represented by pension funds, insurance and investment funds, banks, and others, which are characterized by retaining investments in the long term, in a way that leads to reducing price fluctuations. The issuance was carried out in cooperation with a number of leading banks in the field of Islamic finance and sukuk issuances and with the assistance of local and international law firms, to cover all technical, legal and marketing aspects in accordance with international practices in accordance with the principles of Islamic Sharia.