From Bloomberg: Islamic bonds returned more than Shariah-compliant stocks for the second straight quarter, helped by Dubai World’s May accord with creditors to restructure $23.5 billion of loans.
Fixed-income securities from the Persian Gulf, “in particular Dubai, will extend gains in the next three to six months,” said Ahmad Alanani, the London-based associate director for the Middle East and North Africa at Exotix Ltd., an investment bank specializing in illiquid bonds, loans, equities, structured finance, capital raising and asset management. “As Dubai cleans house, the region will continue to attract investors.”………………………………………Full Article: Source