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

Sukuk sales jump as debt crisis worsens

Posted on 21 May 2010

From Gulf-times.com: Islamic bond sales are growing at the fastest pace since 2007 as yields on securities complying with the religion’s ban on interest fall more than those on emerging-market debt even as Europe’s debt crisis worsens.
Offerings of sukuk climbed 24% to $4.6bn so far in 2010, the most since a 50% increase in the same period three years ago, according to data compiled by Bloomberg. The spread between the average yield for the debt and the three-month London interbank offered rate narrowed 301 basis points, or 3.01 percentage points, to 437 basis points in the past year, according to HSBC/Nasdaq Dubai US Dollar Sukuk Index……………………………………..Full Article: Source

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