Regulatory Alerts2018-06-22
Governmental Decree No. 2018-579 of June 22, 2018
The Tunisian Ministry of Finances, acting on the Head of Government’s proposal, issues regulations governing the issuance of Islamic sukuks for private sector joint-stock companies. The decree establishes eligibility criteria, including a minimum paid-up capital of one million dinars and three years of operation, while mandating compliance with financial market regulations for public offerings. It further specifies mandatory disclosure requirements in subscription certificates, outlines notification procedures for non-public issuances, and requires Sharia committee approval alongside clear redemption and yield terms.
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