FIFA Rattles Qatari Sukuk Mired in Worst Month This Year - Bloomberg:
"Prospects for the 2022 World Cup in Qatar are unsettling bond investors already rattled by political turmoil between the country and its neighbors, with its sukuk on course for its worst month in more than a year.
The yield on Qatar’s Islamic notes due January 2018 rose 20 basis points in September, on course for the biggest monthly increase since August 2013, according to data compiled by Bloomberg. The average yield for Middle East Shariah-compliant securities jumped 12 basis points in the period, JPMorgan Chase & Co. indexes show.
FIFA Executive Committee member Theo Zwanziger told Germany’s Bild this week that Qatar probably won’t host the world’s biggest soccer event in 2022 because of the summer heat. While Qatar dismissed his comments, it’s creating more market turbulence for the country, which has been at odds with Saudi Arabia and the United Arab Emirates over its support for the Muslim Brotherhood in the region."
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