The Egypt Financial Regulatory Authority approved two sharia-compliant sukuk issuances totaling EGP 5.8bn and published updated statistics on sukuk activity in Egypt’s capital market. The authority put total sukuk issuance at EGP 25.7bn and stated that approvals since the start of 2025 have reached EGP 12.8bn. The approvals cover a first-time EGP 3bn mudaraba sukuk issuance by Bokra for Securitization (formerly Rawasi for Securitization) to fund the project of Aman for Project Finance as the beneficiary and mudarib, and a first-time musharaka sukuk issuance by Al Ahly for Securitization to fund Bab Misr for Urban Development, part of the Hassan Allam Construction group. The sukuk will be offered through a private placement to financial institutions and high-net-worth individuals, and the authority noted that mudaraba and musharaka are sukuk types provided for under Capital Market Law No. 95 of 1992 with variable returns depending on the structure of each issuance. The authority also indicated it is reviewing additional sukuk issuances for approval in the coming period and highlighted ongoing work to streamline issuance procedures and requirements while safeguarding the balance of rights among market participants and supporting financial stability in non-banking financial markets.

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