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Dubai sukuk drops on risk aversion, falling oil prices

Thu, 2011-09-15 10:09 — newsdesk

It seems that Dubai’s Islamic bonds are dropping not only the debt of energy-rich Abu Dhabi and Qatar, as investors avoid the region’s riskier assets after slowing global economic growth crimps oil demand.
HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index and the HSBC/Nasdaq Dubai US Dollar Sukuk Index stated that the breach between Islamic bonds in the Gulf and those in emerging markets rose six basis points in the past month to 36 on September 9.

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http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=458160...