IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.66237 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 117.64818 against 116.23259 at end-March and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Kuveyt Turk said in late April it would apply to the Capital Markets Board for permission to issue up to 1 billion lira ($370 million) of sukuk. The Islamic Corporation for the Development of the Private Sector said in late April it would lead manage a 300 billion CFA franc ($480 million) Islamic bond programme for Ivory Coast. Malaysia's Khazanah Nasional plans the first tranche of a 1 billion ringgit ($276 million) sukuk issue as early as May.