02.05.2012 - Sukuk gain as Europe ails, religion thrives
Islamic bonds (sukuk) are set to become the big hit of the Middle Eastís financial markets this year as low costs, a contracting European banking industry and a rising tide of religion across the region spur interest from borrowers and investors alike. Dubai gave the segment a lift last week when investors climbed over themselves for two issues of sovereign sukuk worth $1.25 billion. The strong demand was reflected in pricing of 4.9% for the five-year bond, a record low for dollar-denominated bond issued by the emirate, and 6.45% for the 10-year issue...............................................Full Article: Source
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