IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.39361 points, down from 117.49811 at the end of last month but up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 115.67036 against 115.48693 at the end of February and 113.69014 at end-2014. Sukuk in the pipeline include the following: Telekom Malaysia will set up a $750 million multi-currency sukuk programme to diversify its funding avenues and enhance its flexibility to raise capital. The emirate of Ras al-Khaimah has invited bankers to pitch for arranger roles on a potential U.S. dollar-denominated benchmark sukuk issue, the deal is expected before end-April.