IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.42809 points, down from 118.50812 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 117.39660 against 117.54139 at end-April and 113.69014 at end-2014. Sukuk in the pipeline include: Egypt hopes to issue ijara-structured sukuk, the country's first sovereign sukuk issue, at the beginning of the 2015/2016 fiscal year starting in July. Malaysia's CIMB Group Holdings plans to establish a new 6 billion ringgit ($1.69 billion) conventional and Islamic bond programme. Senegalese President Macky Sall said in early April that he had asked the Islamic Development Bank to help his country conduct a second sovereign sukuk issue. He gave no details.