The Egyptian
government announced the offering of sacrificial bonds (sukuk) in foreign
currency for Egyptians living abroad in celebration of Eid Al-Adha.
The initiative is implemented in coordination between the Ministry of Awqaf (Endowments) and the Ministry of Emigration and Egyptian Expatriates' Affairs.
The sacrificial sukuk initiative is adopted by the Ministry of Awqaf (Endowments) and various charities across Egypt. Its aim is to enable Muslims to buy shares in a sacrificial animal for slaughter during Eid Al-Adha.
By purchasing sukuk, individuals authorize the ministry or charity to buy, slaughter, and distribute the meat on their behalf. This allows them to fulfill the Sunnah of slaughtering cattle from the comfort of their own homes and sharing it with the less fortunate.
This year, the Ministry of Awqaf is offering the sacrificial bonds sukuk at a price of LE 8,500 per share for local cattle and LE 6,000 per share for imported cattle.
Egyptians living abroad can deliver the money equivalent to this sum in euros or dollars through specified bank accounts, as stated by the Ministry of Emigration in a statement released on Friday.
Source: Egypt Today
