Why CBE is extending tighter oversight to sukuk issuances

The Central Bank of Egypt (CBE) has told banks to secure prior approval before taking part in sukuk issuances

BACKGROUND- tightened rules on bank investments in corporate and securitization bonds barred banks from extending or renewing credit facilities sharpening its monitoring

The macro context: FRA data

One framework, not five decisions:

Protecting capital comes first:

Raising asset quality is the second objective.

Building, not restricting.

From allocation to risk.