IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.36419 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 116.08405 against 115.48693 at the end of February and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Indonesian flag carrier Garuda Indonesia plans to issue $500 million worth of sukuk in May to refinance $350 million in loans maturing in June. Besides, Turkey's Capital Markets Board approved the issuance of 2.05 billion ringgit ($554 million) of sukuk by Turkiye Finans Katilim Bankasi.