Home MoneyBanks Sukuk Law Prohibits Selling State’s Fixed Assets: Finance Minister Adviser

Sukuk Law Prohibits Selling State’s Fixed Assets: Finance Minister Adviser

by Administrator

Ahmed El Naggar, adviser to the Minister of Finance and the one responsible for sukuk, denied what was said about potential sale of Suez Canal under the draft sukuk law. 

The state’s fixed assets are public properties and cannot be sold under the sukuk law. However, the law allows issuing sukuk for movable assets for usufruct only.

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