null Sukuk prices hold steady despite rate changes
Sukuk prices hold steady despite rate changes
9 Aug 2023 | Wednesday Source: The Star
Despite rising interest rates, volatile crude oil prices, and complexities in sukuk structures linked to syariah compliance, the pricing of most sukuk and comparable bonds are expected to continue to be similar and highly correlated in the first half of 2023 (1H23), says Fitch Ratings.
The credit rating agency said there is a high pricing correlation of 0.95 (out of 1) on average between sukuk and conventional bonds from 2018 to 1H23, as well as low average spreads between them.
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