Tag Archives: S&P MENA Sukuk Index
Sukuk Market in 2015: Year in Review
The sukuk market demonstrated resilience despite the decline in oil price and global uncertainty; the Dow Jones Sukuk Index, which tracks USD-denominated, investment-grade sukuk, rose 1.24% in 2015, while the Dow Jones Sukuk High Quality Investment Grade Total Return Index gained 1.00% in the same period. Looking closer at index constituents, the underperformers were sukuk…
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The MENA Sukuk Market Expanded 14% YTD
The Middle East and North Africa (MENA) region recorded strong growth in the sukuk market in the first 10 months of 2015. The market value, as tracked by the S&P MENA Sukuk Index, rose 14% YTD to 37 billion, compared with the mere 1% growth in the conventional bond market in the region. The sukuk…
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Sukuk – Looking Behind the Numbers
The growing popularity of sukuk is reflected in the recent strong index performance.The Dow Jones Sukuk Index delivered a total return of 7.08% year-on-year (Y-o-Y) and 5.26% year-to-date (YTD), as of August 18, 2014. The index’s yield-to-maturity also tightened by 51bps YTD to 2.55%. Noticeably, the yield of the S&P MENA Sukuk Index dropped 55bps…
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A Glance at the Liquidity of the Sukuk Market
Despite the challenging global environment and the shrinkage in sukuk issuance in 2013, the liquidity of the sukuk market, as tracked by the Dow Jones Sukuk Index, showed a slight improvement in the same period. The Dow Jones Sukuk Index is designed as an independent benchmark to measure the performance of the U.S.-dollar-denominated, investment-grade sukuk…
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Sukuk – Let’s Do the Profit Sharing!
It all started with the Quran, the religious book of Islam, which guides all aspects of Muslim’s life. It is one of the fundamental sources of the Islamic (Shariah) law. The Shariah law has strict rules on finance; it forbids both interest “Riba” and uncertainty “Ghara”. It also prohibits a number of practices, such as…
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