| Islamic bonds from the Arabian Gulf had the best quarter in nine months as debt restructurings by Dubai’s state-controlled companies and a scarcity of sukuk attracted investors.
Sukuk from the six-nation Gulf Cooperation Council returned 3.6 per cent in the second quarter, the most since the three months ended September, the HSBC/NASDAQ Dubai GCC US Dollar Sukuk Index shows. The 6.25 per cent Islamic notes due July 2017 from government-controlled ports operator DP World Ltd led the gains, advancing 5.9 per cent in the period, according to data compiled by Bloomberg. Dubai’s sukuk rallied 3.3 per cent..............................................Full Article: Source
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