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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Asia sukuk draw Gulf funds as crisis worsens

Posted on 23 February 2011

Zeti Akhtar AzizFrom Gulf-times.com: Spreading unrest across the Middle East may be encouraging Shariah-compliant investors to increase purchases of Asian assets and will spur sales of Islamic bonds, said CIMB Islamic Bank Bhd and HSBC Amanah Malaysia Bhd.
Yields on Malaysia‚Äôs 3.928% sukuk due June 2015 fell 22 basis points from a week ago to 2.96% yesterday, Royal Bank of Scotland Group prices show. Average yields on Islamic bonds in the Gulf Co-operation Council climbed 23 basis points in the same period to a four-month high of 5.97% on Monday, the HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index shows……………………………………….Full Article: Source

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