Regime’s government moves to secure funds through Islamic bonds ...Syria

Enab Baladi – Jana al-Issa The Ministry of Finance in the Syrian regime’s government is finalizing a legislative project regulating the issuance of Islamic bonds (sukuk). This will allow for the issuance of a new type of government securities known as sovereign Islamic bonds, alongside the treasury bonds that have been periodically issued for over four years. The issuance of these securities targets public investment projects that generate income for the treasury and sukuk holders. The project also allows private institutions to issue Islamic bonds to finance their income-generating production projects, according to a statement from Anas Ali, Director of Public Revenues at the regime’s Minis

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