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Morocco to issue sukuk by the end of year if higher council of Ulamas gives go-ahead

After two delays, Morocco may finally make its debut in the Islamic capital market with an issuance before the end of the year, subjected to its Sukuk structure being approved by the Higher Council of Ulamas. The country’s maiden issuance, which is expected to serve as a benchmark for other market players, is currently not ready as the national Shariah board has yet to give its greenlight, affirmed Mohamed Boussaid, the minister of economy and finance, during a press conference focusing on the presentation of the Finance Bill 2018.

https://www.islamicfinancenews.com/daily-cover-story-morocco-to-issue-sukuk-by-the-end-of-the-year-if-higher-council-of-ulamas-gives-go-ahead.html

source: IFN

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