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  • sovereign sukuk

There is growing demand for Islamic bonds in Algeria so the government has approved the first national sukuk issuance for 2025. Shutterstock

Algeria embraces sovereign sukuk financing in 2025

The move toward sharia-compliant sovereign financing is designed to ease liquidity and draw cash back into the formal banking system. If it works, Algeria could become a major player in the industry

Rabia Abdul Salam 01 January 2025
Egypt's Minister of Finance Mohamed Maait at the 2019 Russia-Africa Summit and Economic Forum, at the Sirius Park of Science and Art. (Getty)

For the First Time — Egypt Debuts Islamic Finance Market

As the Egyptian parliament has approved a sovereign sukuk law this month, Egypt is now officially entering the Islamic finance market for the first time, with the volume of sukuk issuances reaching …

Menna A. Farouk 18 June 2021
  • Popular
  • Editor's Pick
Pete Reynolds
Business & Economy

The Hormuz Strait: a vital oil lifeline to the world

17 March 2026

Geography, energy, history, and power converge in the most consequential chokepoint of the global economy

Abdel-Rahman Ayas
AFP / Al Majalla
Politics

The US-Iran war is mainly good news for Russia

19 March 2026

Rising oil prices will boost the Kremlin's coffers as costs over Ukraine mount, but a total defeat of Iran could lead to the deployment of radar stations in the north, near Russia's border

Anton Mardasov
Matt Murphy
Business & Economy

The skyrocketing cost of Epic Fury

19 March 2026

From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point

Thuraya Shahin
Sara Gironi Carnevale
Politics

US public opinion is decisively shifting against Israel

20 March 2026

Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.

Ramzy Ezzeldin Ramzy
A Palestinian volunteer works to rescue and restore damaged books and manuscripts inside the library of the Great Omari Mosque in Gaza City, on 26 February 2026.
 OMAR AL-QATTAA / AFP
Culture & Social Affairs

Cultural genocide: Israel's war on Palestinian memory

21 March 2026

By making Gaza unrecognisable, Israel aimed to sever an indigenous people from any physical or emotional connection to their homeland

Atef Abu Seif

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