Algeria Plans June Sukuk Issuance to Boost Infrastructure
Deal News | May 23, 2025 | Zawya
Algeria is set to embark on issuing its first sovereign Islamic bonds, known as sukuk, by June to support a range of infrastructure and domestic projects. Ruzaika Mikatli, the director of the public debt office at the Algerian Finance Ministry, has confirmed that the plans for these investment instruments have reached an advanced stage. The 2025 budget law provides the necessary authorization for the Finance Ministry to launch these bonds, designed to engage both domestic and foreign investors. A specialized committee is preparing to offer Ijarah sukuk due to their familiarity and accessibility for investors. The funds raised will primarily target infrastructure improvements, including schools and hospitals, aimed at fostering economic growth and enhancing quality of life for Algerian citizens.
Sectors
- Finance
- Infrastructure
- Government
Geography
- Algeria – The sukuk issuance is a national initiative by the Algerian government, thus making Algeria the primary geographical focus of the article.
Industry
- Finance – The article focuses on the issuance of Islamic bonds, which falls under the finance sector, specifically in Islamic finance.
- Infrastructure – The funds raised from the sukuk issuance are intended to finance infrastructure projects, which directly links the article to the infrastructure sector.
- Government – The article involves the Algerian Finance Ministry's actions and policies, classifying it under government-related activities.
Financials
- – No specific financial figures were disclosed regarding the size of the sukuk issuance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Algerian Finance Ministry | Organizer of Sukuk Issuance | Government | The ministry is responsible for the planning and execution of the sukuk issuance. |
| Ruzaika Mikatli | Director, Public Debt Office | People | An official who revealed key details about the sukuk issuance plans. |