IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.49811 points, up from 117.48601 at the end of January and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 115.48693 against 115.34912 at the end of January and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Kuveyt Turk is seeking a window to sell maiden ringgit-denominated sukuk in Malaysia; the lender will set up a 2 billion ringgit ($549 million) Islamic medium-term note programme. National airline Garuda Indonesia said in late February it had taken a $400 million bridge loan from National Bank of Abu Dhabi and Dubai Islamic Bank and would refinance it with a $500 million sukuk issue later this year. Khazanah Nasional plans to issue sukuk worth up to 1 billion ringgit to help fund schools.