From Gulf-times.com: Global Islamic bonds are poised to extend gains after climbing to a record this week, buoyed by Asian economic growth and a pickup in Arabian Gulf issuance. The HSBC/Nasdaq Dubai US Dollar Sukuk Index, which tracks 23 sovereign and corporate securities that comply with the religion’s ban on interest, climbed to 124.47 on October 11, the highest level since its inception in 2005.
The notes have returned 12.4% so far this year after a gain of 20% in 2009 and a 19% loss in 2008……………………………………….Full Article: Source