Dubai bond most susceptible to Europe woes: Islamic finance
Last week Dubai’s Islamic bonds had the smallest results in six months.
The rate fell to a record low of 4.6 percent on May 19. The average yield of Gulf sukuk was unchanged last week at 4.55 percent altough the yields on Bahrain’s government bond dropped. It couldn't have been a more poorly moment because the investors reckoned on the Emirates as being a safe area.