Egypt to Launch First-Ever Green Islamic Bonds in Local Market, Driving Sustainable Finance

Egypt is poised to make a landmark shift in sustainable finance by planning the issuance of Green Islamic Bonds, also known as green sukuk, in its local market for the first time. This groundbreaking initiative is part of the government’s broader strategy to diversify funding sources, reduce public debt, and promote sustainable development. As the country battles economic challenges and strives to align with global sustainability goals, the introduction of green sukuk reflects a renewed commitment to environmentally friendly financing.

The plan, announced by Finance Minister Ahmed Kouchouk, aims to strengthen investor confidence, support the government’s budget, and position Egypt as a leader in sustainable Islamic finance. This move comes as part of a larger effort to attract new investors, reduce external borrowing, and stimulate economic growth. Read more>>