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Catchword for “sukuk el-tamwil”
Catchword: sukuk el-tamwil
Filed Under: ,
Part of Speech: n.
Quotation: Egyptian civil law limits the interest on a conventional bond to 7 per cent. This would hardly attract investors, with inflation running at over 30 per cent. However, Law 146 allows for the issue of sukuk el-tamwil, instruments similar to bonds, on which there is theoretically no restriction as regards the return offered.
Article or Document Title:
“MEED Special Report—Privatisation”
Article, Document, Publication, Web Site:
Middle East Economic Digest
Publishing Location:
Market Harborough, England
Date of Publication:
June 8, 1990
Page Number:
15
This catchword has yet to be researched.
Posted 22 Feb 06 | Permalink | Tell a Friend
Comments:
It literally translates as checks of financing.
by andrew 12 Jun 06, 0244 GMT

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