IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.48549 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 117.40807 against 117.54139 at end-April and 113.69014 at end-2014. Sukuk in the pipeline include: Indonesian leasing company Adira Dinamika Multi Finance aims to sell bonds worth 2.5 trillion rupiah ($190 million), split into a 2 trillion rupiah conventional portion and a 500 billion rupiah sukuk portion. Oman plans to sell its first sovereign Islamic bond, an issue of 200 million rials ($520 million) of sukuk, through a private placement and will launch subscriptions soon. Saudi British Bank plans a riyal-denominated sukuk issue.