{"id":686166,"date":"2026-02-04T00:00:00","date_gmt":"2026-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/04\/finmin-to-launch-secondary-sovereign-sukuk-trading-on-egx\/"},"modified":"2026-02-04T00:00:00","modified_gmt":"2026-02-04T00:00:00","slug":"finmin-to-launch-secondary-sovereign-sukuk-trading-on-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/04\/finmin-to-launch-secondary-sovereign-sukuk-trading-on-egx\/","title":{"rendered":"FinMin to launch secondary sovereign sukuk trading on EGX"},"content":{"rendered":"

Good afternoon, friends, and happy almost-weekend.<\/strong> At home, we\u2019ve got news that the Finance Ministry is set to activate secondary trading for sovereign sukuk, and abroad, there seems to be yet another sell-off. Also in today\u2019s issue: we break down the latest AI safety report and see whether or not the world\u2019s \u201cmost beautiful love story\u201d is indeed so. <\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd FinMin moves to kickstart secondary trading for sovereign sukuk:<\/strong> The Finance Ministry is preparing to activate secondary trading for sovereign sukuk on the Egyptian Exchange (EGX), a move aimed at boosting liquidity and returns as Egypt\u2019s Islamic finance market matures, a senior official told EnterpriseAM. The step comes as demand for the EGP 200 bn Sukuk Al-Ijara program has softened, with yields around 21% lagging conventional debt, and after seven issuances since its launch last November.<\/p>\n

Exchange trading will not affect state ownership of the underlying assets <\/strong>\u2014 such as the Ras Shukeir land backing the program \u2014 as only usufruct rights are transferred, our source stressed. The ministry also plans to introduce variable-rate sukuk, extend the program through FY 2026\/2027, and roll out new instruments, alongside preparations for a USD 2\u20132.25 bn eurobond issuance and the launch of retail bonds in 1H 2026.<\/p>\n

^^ Read the full story and more details in tomorrow\u2019s edition of EnterpriseAM.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 Global software stocks entered their second sell-off day following the launch of Anthropic\u2019s new AI model for lawyers, which sparked fresh concerns over industry disruption.<\/strong> Industry analytics providers, including Britain\u2019s RELX and the Netherlands\u2019 Wolters Kluwer, each shed nearly 3% in early European trade. European data analytics, financial services, and software stocks fell further. Meanwhile, safe-haven assets rallied \u2014 gold bounced back to the USD 5k mark, gaining nearly 3%, while silver jumped 5.8% to USD 90 an ounce.<\/p>\n

^^Read more on Bloomberg<\/a>, CNBC<\/a>, and Reuters<\/a>.<\/p>\n

CLOSER TO HOME- <\/strong>Israeli strikes on Gaza earlier today killed 19 Palestinians \u2014 most of whom were women and children. The attack came in response to an alleged ceasefire violation by Hamas, with Israel pledging to continue its strikes.<\/p>\n

^^Read more on AP News<\/a>.<\/p>\n

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