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

Islamic debt to rally on Nakheel recovery, GE Sukuk

Posted on 27 October 2009

From Bloomberg: Islamic bonds are poised for record gains amid confidence that Nakheel PJSC, the developer of palm- tree shaped islands off the Dubai coast and the market’s biggest issuer, will avoid default.

“Nakheel is the flagship,” said Yannick Lopez, who helps oversee Paris-based OFI Asset Management’s $30 billion in assets. “A default by Nakheel could have wider implications” on the Islamic bond market, he said…………………….Full Article: Source

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