Bahrain sukuk jump to record on GCC backing
The jump of Bahrain's sukuk in October resulted in the yield reaching a record and standing out from the neighbour countries. In October, the sukuk fell 65 basis points, or 0.65 percentage point. This is the biggest drop since the start of the trade in March 2010. According to the HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index, this drop got ahead of a 21 basis-point decline to 2.96% in the average yield on sukuk in the Gulf Cooperation Council.