Average yields on Islamic bonds has encouraged borrowers to announce plans to sell more than $11 billion in sukuk since the start of this quarter. Average rates on Shariah-compliant debt declined 73 basis points this year to 4.01 per cent yesterday, and reached 3.99 per cent on May 24, the lowest level since May 2005, the HSBC/NASDAQ Dubai US Dollar Sukuk Index shows.
Nakheel, the developer of palm-shaped islands off Dubai s coast, Malaysia s government and Qatar Islamic Bank SAQ are planning to sell Islamic bonds, according to data compiled by Bloomberg……………………………………….Full Article: Source