Global sales of Islamic bonds were almost double in October as progress toward a resolution to Europe’s debt crisis helps push yields to a one-month low.
Khazanah Nasional Bhd., a Malaysian state-owned investment company, Kuala Lumpur-based Property Holdings Bhd. and Turkish Islamic bank Kuveyt Turk Katilim Bankasi AS have sold global bonds that fulfill Islam’s ban on interest this month.
It seems that Khazanah Nasional Bhd. hired BOC International, CIMB Group Holdings Bhd and Royal Bank for a sale of the world's first yuan-denominated Islamic bonds in Hong Kong.
The offering will help Malaysia maintain its strengt and position as the world's biggest launcher of sukuk.