Islamic Finance >>>

    Dubai Sukuk Yields Drop to Record on Jafza, IPIC

    The yield premium investors demand to hold Dubai’s unrated Islamic bonds over Malaysia’s declined to a record after the emirate’s state-linked companies made progress in settling $15 billion of debt due this year. The spread on Dubai’s 6.396 percent sukuk due November 2014 over Malaysia’s investment-grade 3.928 percent notes maturing in June 2015 has fallen [...]

    Zeti Spurning Rate Cut May Halt Malaysia Rally

    The rally in ringgit-denominated Islamic bonds that pushed yields to an eight-month low will end after the central bank ruled out a cut in interest rates, according to CIMB Group Holdings Bhd. and RHB Capital Bhd. Yields may rise after Bank Negara Malaysia Governor Zeti Akhtar Aziz said in an interview that the benchmark policy [...]

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