IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.95463 points, down from 118.42537 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 116.76818 against 117.32893 at end-May and 113.69014 at end-2014. The sukuk in the pipeline include: Malaysian mobile phone operator Maxis Bhd will raise up to 5 billion ringgit ($1.33 billion) through sukuk to refinance debt and fund capital requirements. Brunei's central bank is preparing to issue long-term sukuk. The Malaysia unit of Toyota Motor Corp plans to set up a 2.5 billion ringgit programme to raise funds via both conventional and Islamic bonds. Malaysian SapuraKencana Petroleum plans to raise up to 7 billion ringgit with a multi-currency sukuk programme.