Tunisia will opt for a simple decree amendment limited to
sukuk issuance before working on a global structure for Islamic
finance, according to local lawyers.
A finance ministry official announced the creation of the
Tunisian government’s latest pro-Islamic finance
initiative last week.
The key to launching a platform for sukuk issuance in Tunisia
is to make a simple decree that would change two or three
points of the existing law to allow for sukuk issuance,
said Noureddine Ferchiou of Tunisian firm Ferchiou &
These incremental amendments would include: drafting a sukuk
definition; establishing a regulator to check that...