Misr For Sukuk Company
Misr Sukuk Company is an Egyptian joint stock company established in accordance with the provisions of Law No. 95 of 1992 and its executive regulations, pursuant to the license of the General Authority for Financial Supervision No. (902) in the distinguished Giza Commercial Register No. 251691 dated 13/03/2023.
Misr Sukuk Company is an Egyptian company established with a major shareholding from Banque Misr, which owns 80% of the company’s capital of EGP 10 million. Other financial institutions, most notably the National Investment Bank and Nasser Social Bank, own the remaining 20%. Mr. Mohamed Khalil serves as the company’s CEO and Managing Director.
The company aims to issue and manage Sukuk inside and outside the Arab Republic of Egypt, providing Sharia-compliant financing instruments that contribute to financing development projects and strengthening the Egyptian capital market.
The establishment of Misr Sukuk Company is an important step towards diversifying financing instruments and developing the sukuk market in Egypt, in line with the country’s economic and social development plans.
Company purpose
Issuing Sukuk in accordance with the provisions of Law No. 95 of 1992 and its executive regulations, taking into account the provisions of the Capital Market Law. The company may have an interest or participate in any way with capital companies that carry out activities similar to its activities, or that may assist it in achieving its purpose in Egypt or abroad. It may also merge with, purchase, or annex these companies, in accordance with the provisions of the law and its executive regulations.
- Misr Sukuk Company is an Egyptian joint stock company established in 2022 to provide innovative, Sharia-compliant financing tools to encourage investment. Banque Misr, the National Investment Bank, and Nasser Social Bank contributed to the company’s establishment. The company is subject to financial oversight by the Egyptian Financial Supervisory Authority (EFSA) and the Egyptian Sharia Supervisory Authority (EIFA).
- We combine innovative financial consulting with practical, day-to-day financial performance. We are committed to providing high-quality financial services that also serve practical purposes. Each service is carefully designed to meet your needs. Our commitment is to provide services that enhance your investments, making your financial future more secure and successful.
Our vision
To be the preferred and trusted choice in the field of issuing financial instruments in the Middle East by providing transparent and high-quality financing solutions that effectively contribute to the growth of the Islamic finance sector.
Our Mission
- Providing Sharia-compliant financing solutions that meet our clients’ diverse needs and contribute to achieving their financial goals efficiently and effectively.
- Managing risks professionally and transparently to ensure investor protection and achieve rewarding and sustainable returns.
- Committing to the highest standards of transparency and integrity throughout all stages of our operations and procedures.
- Effectively contributing to the development of the Islamic finance sector by offering innovative products and services that comply with the latest technologies and international standards.
Misr For Sukuk Company
- Extensive Experience: A specialized team with extensive experience in Islamic finance, sukuk issuance, and risk management.
- Innovative Solutions: Designing innovative financing solutions that meet clients’ changing needs and contribute to achieving their investment goals.
- Sharia Compliance: Strict application of Sharia principles in all our operations and products, under the supervision of an independent Sharia Board.
- Transparency and Reliability: Building long-term relationships with clients and investors based on trust, transparency, and credibility.
- Efficiency and Effectiveness: Streamlining procedures and accelerating the pace of operations to ensure the efficient and effective delivery of high-quality services.
Board of Directors
Mr. Mohamed Khalil
Executive Director
- Over 33 years of experience in the banking sector in general, and the financial markets and investment sector in particular.
- He has extensive experience in the field of investment funds and asset management services.
- He rose from a banking position to the position of General Manager of Asset Services in the financial markets and investment sector.
- He serves as a member of the Board of Directors and a member of the Audit Committee of:
- Misr Exchange Company
- Upper Egypt Investment Company
- Upper Egypt Company for Concentrates and Juices
Mr. Mohamed Montaser
Chairman of the Board of Directors