IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.42537 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 117.32893 against 117.54139 at end-April and 113.69014 at end-2014. Some of the sukuk in the pipeline are: The Turkish Treasury said in late May it would issue local currency sukuk in August with volume of 1.5 billion lira ($563 million). Saudi Binladin Group began marketing a 364-day sukuk issue to local investors in the kingdom which could raise up to 1 billion riyals ($265 million). Abu Dhabi Islamic Bank will ask shareholders on June 21 to approve an increase in the size of its Tier 1 sukuk programme to $3 billion from $2 billion.