Saturday, 19 April 2014

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Tunisia: 1 billion TD of Sukuk in 2013

"A first in Tunisia, the draft state budget of 2013, will be financed by Islamic bonds (Sukuk), with an amount of about 1,000 million Tunisian dinars (MTD)," announced Slim Besbes, Acting Minister of Finance, stating that this is part of the development of a legal framework for Islamic finance.

Closing the second conference on "pillars of market funding," organized in the framework of the first edition of the Stock Exchange show “Investia 2012,” Besbes stressed the need to disseminate a new culture that includes all sources of funding and establish a complementarity between indirect and direct funding.


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