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Malaysian sukuk seen drawing US$3b in funds

Govt issue to be included in a Barclays global bond index in March, with 0.18 per cent weightage

Lower yields for Islamic bonds will provide some relief to Mr Najib as he grapples with a drop in state oil revenue caused by a 57 per cent plunge in the price of Brent crude since the end of June.

Kuala Lumpur

MALAYSIAN sovereign sukuk's inclusion in a global bond index is forecast by Barclays Plc to lure US$3 billion, helping to narrow the debt's yield premium over non-Islamic notes.

The nation's Shariah-compliant government investment issues will be added to Barclays