What is the effect of Dubai World "financial crisis" on sukuk market ?
Take a look at Sukuk market data:
Sukuk market data
It seems that Nakheel Sukuk (nakh.sn), of type "Ijara", previously 90, has down 28 to 62, a drop of 31.11%. However, it seems like there isn’t much effect on other sukuks, even on entities that are downgraded their credit ratings, for e.g. Jebel Ali Free Zone FZE (jafz.sn), DEWA (dewa.sn) and Emaar Properties Sukuk (emaa.sn). Jebel Ali Free Zone FZE even rises by 0.65%.
Hey, I saw our country’s PETRONAS Global Sukuk and Sarawak Corporate Sukuk Inc..
We can look at the detailed chart of Nakheel Sukuk here;
and Sukuk news wire, Islamic finance news and Sukuk Education here.
RePEc in October 2024
1 week ago
Dubai World is now on sound financial footing, Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai Supreme Fiscal Committee, told a news conference.
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