{"id":600330,"date":"2019-01-27T04:21:50","date_gmt":"2019-01-27T04:21:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/"},"modified":"2019-01-27T04:21:50","modified_gmt":"2019-01-27T04:21:50","slug":"sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/","title":{"rendered":"Sarwa Capital receives preliminary FRA approval to for sukuk issuer license"},"content":{"rendered":"

Consumer- and structured-finance player Sarwa Capital has received a preliminary approval from the Financial Regulatory Authority (FRA) for a license to issue sukuk (sharia-compliant bonds), FRA boss Mohamed Omran revealed in a press conference last Tuesday<\/a>. He noted that the approval was given around one week before the announcement. Sarwa had applied for the license earlier this month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer- and structured-finance player Sarwa Capital has received a preliminary approval from the Financial Regulatory Authority (FRA) for a license to issue sukuk (sharia-compliant bonds), FRA boss Mohamed Omran revealed in a press conference last Tuesday. He noted that the approval was given around one week before the announcement. Sarwa had applied for the license […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,933,72,7087,76,280],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600330","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-contact-financial","tag-enterpriseam","tag-finance","tag-financial-regulatory-authority","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"3c9ff3bd-c921-48c8-b4cf-06bf48696ea3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600290],"teaser":"","voice_url":""},"yoast_head":"\nSarwa Capital receives preliminary FRA approval to for sukuk issuer license - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sarwa Capital receives preliminary FRA approval to for sukuk issuer license\" \/>\n<meta property=\"og:description\" content=\"Consumer- and structured-finance player Sarwa Capital has received a preliminary approval from the Financial Regulatory Authority (FRA) for a license to issue sukuk (sharia-compliant bonds), FRA boss Mohamed Omran revealed in a press conference last Tuesday. He noted that the approval was given around one week before the announcement. Sarwa had applied for the license […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-27T04:21:50+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sarwa Capital receives preliminary FRA approval to for sukuk issuer license\",\"datePublished\":\"2019-01-27T04:21:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\"},\"wordCount\":69,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Contact Financial\",\"EnterpriseAM\",\"Finance\",\"Financial Regulatory Authority\",\"sukuk\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/sarwa-capital-receives-preliminary-fra-approval-to-for-sukuk-issuer-license\/\",\"name\":\"Sarwa Capital receives preliminary FRA approval to for sukuk issuer license - 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Sarwa now has the green light to issue the sharia-compliant bonds\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599524,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/sarwa-capital-applies-for-sukuk-issuer-license\/","url_meta":{"origin":600330,"position":1},"title":"Sarwa Capital applies for sukuk issuer license","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Sarwa Capital applies for sukuk issuer license: Consumer- and structured-finance player Sarwa Capital has submitted a request to the Financial Regulatory Authority (FRA) for a license to issue sukuk (sharia-compliant bonds), Al Mal reports. Sarwa would become the first Egyptian player to hold a sukuk license if its application is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599272,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/two-companies-express-interest-in-issuing-sukuk-to-fra\/","url_meta":{"origin":600330,"position":2},"title":"Two companies express interest in issuing sukuk to FRA","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"Are we on the cusp of a sukuk issuance spree? Two unnamed companies partially owned by the government have expressed their interest in issuing shariah-compliant sukuk bonds to finance new projects this year, sources tell Al Mal. One issuance would be worth EGP 1 bn, while the value of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569745,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/egypts-echem-planning-egp-1-bn-sukuk-issuance\/","url_meta":{"origin":600330,"position":3},"title":"Egypt\u2019s ECHEM planning EGP 1 bn sukuk issuance","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"DEBT WATCH- ECHEM planning EGP 1 bn sukuk issuance: The Egyptian Petrochemicals Holding Company (ECHEM) is considering issuing EGP 1 bn-worth of sukuk to help finance its subsidiaries\u2019 ongoing projects, Al Shorouk reported, citing company sources. The issuance would make ECHEM the first state-owned company to issue sukuk. According to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576402,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/23\/sarwa-sukuk-issuance-gets-green-light-from-regulators\/","url_meta":{"origin":600330,"position":4},"title":"Sarwa sukuk issuance gets green-light from regulators","author":"enterpriseam admin","date":"23 November 2020","format":false,"excerpt":"DEBT WATCH- Biggest corporate sukuk yet gets regulatory approval: Sarwa Capital\u2019s EGP 2.5 bn sukuk issuance was approved by the Financial Regulatory Authority\u2019s (FRA) Sharia Supervisory Committee on Thursday, paving the way for it to become only the second company to issue sukuk in Egypt. The company yesterday signed the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/239.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573005,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/sarwa-submits-prospectus-for-egypts-second-corporate-sukuk-issuance\/","url_meta":{"origin":600330,"position":5},"title":"Sarwa submits prospectus for Egypt\u2019s second corporate sukuk issuance","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"DEBT WATCH- Sarwa submits prospectus for Egypt\u2019s second corporate sukuk issuance: Consumer- and structured- finance player Sarwa Capital is preparing a single-tranche EGP 2.5 bn corporate sukuk issuance, Ayman El Sawy, managing director of Sarwa Promotion & Underwriting, told Hapi Journal. Sarwa has already submitted the prospectus for the issuance\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/126.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600330"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600330\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600290"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600330"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600330"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}