The Islamic bond market has suffered a few knocks and scrapes in recent years, including its first defaults and a continuing, often heated debate over how the instruments should be structured. But it has remained resilient amid the global financial turmoil.
The yield of the HSBC-Nasdaq Dubai sukuk index has widened from the lows earlier this year to about 4.15 per cent at the end of November, but is still tighter than the 4.8 per cent yield at the start of the year. The index hit a high of more than 14 per cent at the peak of the financial crisis………………………………………..Full Article: Source