Dubai Islamic bonds are world’s best performer as economy gains traction | The National:
"Dubai’s Islamic bonds are the world’s best-performing sovereign dollar sukuk this quarter as the economy of the Arabian Gulf business hub gathers steam, with bank profits, tourist numbers and property prices rising.
Seven of the top 10 best-performing government sukuk this quarter are from Dubai, according to data compiled by Bloomberg.
Dubai’s US$650 million of notes due May 2022 returned 5.3 per cent, the most among 33 Sharia-compliant sovereign bonds tracked by Bloomberg. The average return was 1.3 per cent."
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