Abu Dhabi may find it cheaper to borrow with Islamic bonds than non-Sharia compliant securities, National Bank of Abu Dhabi and EFG-Hermes UAE Ltd say.
The yield on the emirate's 5.5 per cent dollar-denominated non-Islamic note due April 2014 fell 3 basis points, or 0.03 percentage point, last week to 2.32 per cent on March 11, the lowest in a month on speculation the UAE will be spared from protests.
The yield on neighbouring Dubai's 6.396 per cent sukuk maturing in Nov-ember 2014 was at 6.23 per cent, data compiled by Bloomberg show.
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