Here is a report that is certainly perplexing.

The whole idea behind sukuk (aka Islamic bonds, aka Shariah bonds) is to avoid interest, yet the recent rise in interest rates has hit the Shariah bond market in Malaysia hard.

Yields on government 10-year sukuk, used by companies to gauge the cost of Shariah-compliant financing, are at their highest level in 18 months relative to two-year securities…




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