MENA Sovereign Sukuks Come to the Fore - Business Islamica

GCC sovereign sukuks have consistently outperformed emerging market bonds and broadly the equivalent GCC sovereign bonds YTD. The trend is likely to persist, particularly given rising UST yields as the Fed tapers its buy-back program. The Arabia Monitor team contributes a research piece of MENA sovereign sukuks in the April issue of Business Islamica.
 
The free tradability of MENA sovereign ijara sukuks and their coverage by international credit rating agencies allows us to analyze relative value opportunities in sovereign sukuk compared to similarly rated MENA sovereign benchmark bonds.
 
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