21.05.2010 - Sukuk sales jump as debt crisis worsens
From Gulf-times.com: Islamic bond sales are growing at the fastest pace since 2007 as yields on securities complying with the religionís ban on interest fall more than those on emerging-market debt even as Europeís debt crisis worsens. Offerings of sukuk climbed 24% to $4.6bn so far in 2010, the most since a 50% increase in the same period three years ago, according to data compiled by Bloomberg. The spread between the average yield for the debt and the three-month London interbank offered rate narrowed 301 basis points, or 3.01 percentage points, to 437 basis points in the past year, according to HSBC/Nasdaq Dubai US Dollar Sukuk Index............................................Full Article: Source
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