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

Ringgit rally boosts Sukuk as yields tumble

Posted on 09 August 2010

From Bloomberg: Asia’s best-performing currencies are luring funds to local Islamic bonds in Malaysia and Indonesia, helping to drive benchmark yields to the lowest levels in more than a year.
The yield on Malaysia’s five-year ringgit-denominated sukuk declined 33 basis points, or 0.33 percentage point, this year to 3.51 percent yesterday after touching its lowest since March 2009 at 3.5 percent on July 23, according to data from the central bank……………………………………….Full Article: Source

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