Global sukuk bonds gain 2.1% in July

01 August 2010

Islamic bonds gained at half the pace of emerging-market debt in July, Bloomberg has reported. Global bonds that comply with Shariah law gained 2.1%, double the return in June and the most since a 4.1% advance in March, according to the HSBC/NASDAQ Dubai US Dollar Sukuk Index. JPMorgan Chase & Co.'s EMBI Global Diversified Index, which tracks debt from 46 emerging-market countries, climbed 3.9%.

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