Islamic bond yields dropped to a seven-year low and investors predict further declines as growth in Asia and the Gulf that’s outpacing the rest of the world shores up demand for sukuk.
Average yields fell five basis points, or 0.05 percentage point, in July to 3.39 per cent, approaching the lowest level since January 2005, when they reached a record 3.33 per cent, according to the HSBC/Nasdaq Dubai US Dollar Sukuk Index………………………………………..Full Article: Source