From Bloomberg: Dubai raised $1.93 billion in its first Islamic bond sale, the biggest from the Gulf region this year, as the emirate benefits from rising demand for Shariah- compliant debt.

The Persian Gulf emirate sold $1.25 billion of dollar- denominated, five-year, fixed-rate Islamic bonds, or sukuk, priced to yield 6.39 percent, the government said today in an e- mailed statement………………………Full Article: Source