IslamicFinance.de

A rebound in Gulf Islamic bond market depends on the performance of the property prices.
Real estate prices in Dubai have tumbled more than 50 percent since their 2008 peak and 30 percent in neighboring Abu Dhabi as banks tightened mortgage lending and speculators fled the market.
The average yield on Sukuk sold by GCC issuers rose six basis points yesterday to 5.37 percent, paring its decline this quarter to 72 points.
Since Sept. 30 the difference between the average yield for emerging-market Sukuk and the London interbank offered rate widened 0.8 basis point to 336.6 yesterday and has narrowed 36 points.