{"id":624922,"date":"2018-09-23T04:26:51","date_gmt":"2018-09-23T04:26:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/egypts-sukuk-market-is-full-of-untapped-potential-moodys\/"},"modified":"2018-09-23T04:26:51","modified_gmt":"2018-09-23T04:26:51","slug":"egypts-sukuk-market-is-full-of-untapped-potential-moodys","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/egypts-sukuk-market-is-full-of-untapped-potential-moodys\/","title":{"rendered":"Egypt\u2019s sukuk market is full of untapped potential -Moodys."},"content":{"rendered":"

Egypt\u2019s sukuk market is full of untapped potential -Moodys: <\/strong>Egypt is one of 18 African countries that have a lot of unexplored potential to tap in the sukuk market, Moody\u2019s Investor Service said in a press release<\/a><\/u> about a recent report. The agency expects at least USD 1 bn in sukuk to be issued in Africa between now and the end of 2019 \u2014 a piddling sum, but a start, we suppose. \u201cAs African sovereigns seek to diversify their funding base, the amount of sukuk they issue will likely increase.\u201d<\/p>\n

Why should you care? <\/strong>Finance Minister Mohamed Maait had previously said<\/a><\/u> that Egypt could issue USD or EUR-denominated Islamic bonds, reviving a plan that has been collecting dust since 2013. Maait also said last week<\/a><\/u> that Egypt could tap the global debt market with a USD 5 bn bond issue in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s sukuk market is full of untapped potential -Moodys: Egypt is one of 18 African countries that have a lot of unexplored potential to tap in the sukuk market, Moody\u2019s Investor Service said in a press release about a recent report. The agency expects at least USD 1 bn in sukuk to be issued in […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624922","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aa7e264b-9d1f-4648-a9ab-110533d54cf4","order":"0","is_powered_by":true,"section_story_id":"84cf5c2e-79a3-4f25-a38c-88b0e1f4340f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[624906],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s sukuk market is full of untapped potential -Moodys. - 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\/2018\/09\/23\/egypts-sukuk-market-is-full-of-untapped-potential-moodys\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s sukuk market is full of untapped potential -Moodys.\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s sukuk market is full of untapped potential -Moodys: Egypt is one of 18 African countries that have a lot of unexplored potential to tap in the sukuk market, Moody\u2019s Investor Service said in a press release about a recent report. 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Cabinet will, after approving the legislation, send it to the House of\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":577890,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/sovereign-sukuk-sustainable-bond-issuances-coming-this-fy\/","url_meta":{"origin":624922,"position":3},"title":"Sovereign sukuk + sustainable bond issuances coming this FY?","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"FinMin could take its maiden sovereign sukuk issuance to market in 1H 2023: The Finance Ministry is planning to sell USD 1.5-2.5 bn of sukuk, a shariah-compliant debt instrument, Finance Minister Mohamed Maait told Reuters yesterday. The timing of the issuance is still undetermined and the ministry will pull the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/155.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623009,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/first-sukuk-issuance-coming-next-fy-maait-confirms\/","url_meta":{"origin":624922,"position":4},"title":"First sukuk issuance coming next FY, Maait confirms","author":"enterpriseam admin","date":"18 October 2018","format":false,"excerpt":"** #3 First sovereign sukuk issuance coming next fiscal year, Maait confirms: Egypt\u2019s first sovereign issue of Sharia-compliant sukuks in FY2019-2020, Finance Minister Mohamed Maait confirmed to Reuters. The minister did not disclose the expected size of the issuance. 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