Steady Expansion: Islamic Financial Services in Egypt
What is the timetable for Egypt’s debut sovereign Sukuk, and what will this important benchmark mean for the Islamic capital market? How does the current regulatory environment promote the issue of public and private sector Sukuk, and from which industries will we see issuance? Beyond the Islamic capital market, how are Egyptian Islamic financial institutions financing domestic economic activity and what structures are being employed? What role are important multi-laterals such as the IsDB playing in the expansion of Islamic financial services in Egypt? How should Egypt further employ Shariah-based green and responsible financing solutions in response to important challenges, such as limiting climate change, alleviating poverty, and driving financial inclusion? Finally, how are Islamic financial institutions in Egypt employing technology to help the unbanked, while how will digitalization across the sector improve end-user experience across a range of financing activities?
Panelist:Alaa Mustafa, Marketing Specialist, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)