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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance, Research more

Banks predict record $31bln sukuk in 2011

Posted on 31 January 2011

From Arabianbusiness.com: Global sales of Islamic bonds may match the 2007 record as issuers rush to benefit from low borrowing costs before economic growth pushes yields higher, Maybank Investment Bank and CIMB Islamic Bank say.

Islamic debt sales increased 62 percent to $10.6bn in the second half of 2010 compared with the first six months, according to data compiled by Bloomberg. The yield on global sukuk was 4.6 percent on Thursday, climbing 18 basis points from a five-year low of 4.4 percent on Nov 8, the HSBC/NASDAQ Dubai US Dollar Sukuk Index shows…………………………………….Full Article: Source

 
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