The Egyptian government is pushing forward with its plan to issue Islamic bonds, or sukuk, in an effort to revive its flagging economy. The plan has however been criticised by opponents of Islamist President Mohamed Mursi, who say it lacks clarity and could put Egypt's sovereignty in danger. Mursi approved the law allowing the State to issue the sukuk bonds, which claim to be compliant with Islamic law and its principles, earlier this month. Egypt's upper house of parliament, which has assumed temporary legislative powers, then passed the law last week, after amending it to meet recommendations from Al-Azhar, the country's leading Islamic authority
