IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.18655 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 115.91606 against 115.48693 at the end of February and 113.69014 at end-2014. Sukuk in the pipeline include: Malaysia has hired three banks to manage the issuance of sovereign sukuk worth up to $2 billion. The emirate of Ras al-Khaimah picked four banks to arrange investor meetings for a potential US. dollar-denominated sukuk issue of benchmark size. Oman Telecommunications will seek shareholder approval on March 22 for a debut issue of sukuk; no size or time frame was given.