IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.53448 points, up from 117.52672 at the end of last month and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 117.5576 against 116.23259 at end-March and 113.69014 at end-2014. Sukuk in the pipeline include: Malaysia's Axis REIT said in early April that it had expanded its sukuk programme to 3.0 billion ringgit ($818 million) from 300 million ringgit, and extended the length to perpetual from 15 years. Kazakhstan's Finance Ministry is expected soon to propose a draft law allowing its first sovereign sukuk issue, which will probably take place early next year.