IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.26569 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 117.25281 against 117.54139 at end-April and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Saudi British Bank plans to sell a riyal-denominated sukuk that will boost its capital reserves. Saudi Arabia's Najran Cement plans to meet fixed income investors starting on May 10 for a riyal-denominated sukuk issue. National Shipping Company of Saudi Arabia (Bahri) plans to make a debut sukuk issue worth up to 3.9 billion riyals ($1.04 billion) this quarter.