23.11.2010 - Sukuk drop most in 6 months on Ireland crisis: Islamic finance
From Bloomberg: Islamic bonds slumped last week by the most since May as Ireland sought aid to shore up its banking system, reducing demand for the yield premium available on sukuk and damping the outlook for new sales. Average yields climbed 22 basis points to 4.88 percent, according to the HSBC/NASDAQ Dubai US Dollar Sukuk Index. Trading volumes declined because of the holiday in the Persian Gulf from Nov. 15 to Nov. 18 to celebrate the Muslim festival of Eid-al-Adha, according to Kuala Lumpur-based CIMB-Principal Islamic Asset Management Bhd..............................................Full Article: Source
Print