SINGAPORE • Higher returns compared to other Islamic
government bonds and the scarcity of new sukuk this year may lure
investors to Indonesia's first sale of international Shariah-compliant
debt since 2009.
The
South-East Asian nation, home to the world's largest Muslim population,
will sell a "maximum" US$1 billion (RM2.96 billion) of global sukuk in
the third-quarter (3Q), Finance Minister Agus Martowardojo said last
week.Indonesia's 8.8% Islamic bonds due April 2014 have returned 35% since they were first sold in April 2009, Royal Bank of Scotland Group plc prices show, compared to the average 29% return for government sukuk globally, HSBC/NASDAQ Dubai US Dollar Sukuk Index shows. (source)
