Egypt’s Islamist government, in need of finance, has been desperately looking for something to help its ailing economy, which has been on brink of crisis since an uprising toppled former leader Hosni Mubarak two years ago.

The Sukuk, or Islamic bond, is now being held up as that something, with some in the government touting them as a savior of the Egypt's economy. Bankers, analysts and investors appear less excited.