Tax sukuk rules being finalised ahead of launch within weeks: ETA chief

Egypt's tax authority is finalising the rules and return parameters for a new tax sukuk, a sharia-compliant instrument intended to let taxpayers settle obligations through a domestic financing mechanism, with launch expected within weeks. The design details, particularly the rate of return, will determine whether the sukuk is priced attractively enough to draw participation from Egyptian businesses and investors. If successful, the instrument could broaden Egypt's Islamic finance market and offer the government an additional channel for managing tax receipts and liquidity.