New law allows Tunisia to issue Islamic bonds

Move could help narrow a gaping budget deficit

Tunis: Tunisia’s parliament has passed a law that will allow the state to issue Islamic bonds, or sukuk, a move that could help narrow a gaping budget deficit and boost foreign currency reserves, which have fallen to critically low levels.

Tunisia’s political struggle

By Edward Cody|Published: 21:30 June 20, 2013

Two and a half years after kindling a revolution that flamed across the Arab world, the nation battles extremism and a lack of consensus

Although Tunisia is a small country of 11 million people, its looming decisions on national identity, the role of religion and political organisation touch on — and are likely to become a beacon for — the main challenges facing reformers across North Africa and the Middle East.