Can Islamic finance help close Egypt’s budget shortfall?
Members of parliament are working on creative ways to cut Egypt’s ever-growing budget deficit.
CAIRO — Some members of the Egyptian parliament want to cut the general budget deficit by using Islamic finance innovatively to raise funds.
Ahmed Khalid, head of the Salafist Nour Party parliamentary bloc, said June 26 that his party will present a draft bill to establish a national council to eliminate the public debt using Islamic finance.
