KUALA LUMPUR: Malaysia’s ringgit sukuk are outperforming as their relatively higher yields offset the outlook for a weaker currency.
Sovereign domestic notes due in 2016 and 2021 returned 2.5% and 3.5% respectively this year, compared with 0.8% and 1.7% for similar Islamic dollar debt, data compiled by Bloomberg show. The premium for the 2016 securities over their global counterpart is more than 200 basis points.
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