Arab Today, arab today bankers want egypt to rely on islamic instruments
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

Government 'economically bankrupt'

Bankers want Egypt to rely on Islamic Instruments

Arab Today, arab today

Arab Today, arab today Bankers want Egypt to rely on Islamic Instruments

Experts fear Egypt's economy is driving away potential investors
Cairo - Mohamed Salah

Experts fear Egypt\'s economy is driving away potential investors Egyptian bankers have called on the government to rely on Islamic Instruments as an alternative to treasury regulations. They say that the government is economically bankrupt and \"does not have the successful financing instruments to get out of the bottleneck, to move past the current crisis.\"
Deputies will discuss financial and economic affairs in the Shura Council, opening the Islamic Instruments file, to discuss the regulatory mechanisms as one of the sources of funding.
Dr Mohamed Al Beltagy, Chairman of the Board of Directors of The Egyptian Association for Islamic Finance said: \"The system of Islamic Instruments is applicable in many places around the world, which Muslims and non-Muslims are dealing with. There are many legal projects on these instruments, made by the Ministry of Finance and the Freedom and Justice party.\"
On the other hand, Chairman of the Board of Directors of Advice for Financial Services and Banking, Basant Fahmi said: \"The unstable political and security situation in Egypt nowadays has led the government to discuss the issuance of these instruments, to attract and raise money to cover the deficit in the state budget.\"
She added: \"Islamic Instruments must be used in direct and real investment, and to be used in infrastructure projects and other investment. The deteriorating political situation is impeding on investment and has lead to the flight of investors.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bankers want egypt to rely on islamic instruments Arab Today, arab today bankers want egypt to rely on islamic instruments

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bankers want egypt to rely on islamic instruments Arab Today, arab today bankers want egypt to rely on islamic instruments

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday