News Column

Islamic Sukuk - Government Determined to Mobilise Between 180 and 300 MTD in 2014

July 10, 2014

The Tunisian government is studying the possibility to present cash collateral highways, for the issue of Islamic sukuk so as to mobilise funding from 180 to 300 MTD in 2014, according to Minister of Economy and Finance Hakim Ben Hammouda.

The Minister underlined, Wednesday during a hearing session held by the Finance, planning and development commission within the National Constituent Assembly (NCA), the difficulties on the level of issuing sukuk because of the obligation to present cash collateral.

He specified during the hearing session devoted to the examination of the complementary finance law for 2014, that negotiation with the Islamic Development Bank reached an advanced stage.

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Source: AllAfrica

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