In a sure signal of the direction that the Muslim Brotherhood seeks to take Egypt, a Shariah Finance specialist has been appointed as the country’s Finance Minister…

The new Finance Minister, Fayyad Abdel Moneim, a relative unknown with a PhD in economics from Al Azhar University, is Egypt’s 5th finance minister since the revolution. He is seen as similar to the outgoing El Morsi Hegazi (who held the job for less than five months) in that he is an academic with no official affiliation to the Muslim Brotherhood but with expertise in Islamic finance and Sharia compliant banking.



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