IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.07262 points, up from 117.85307 at the end of last month and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 116.83897 against 116.56666 at end-June and 113.69014 at end-2014. Some sukuk in the pipeline are: Shareholders of Oman's Renaissance Services approved in early July plans for the company to buy back mandatory convertible bonds and finance that by issuing up to $200 million of perpetual bonds, either conventional or sukuk. Saudi Arabia-based Arab Petroleum Investments Corp could issue its first sukuk later this year as part of its recently-established $3 billion sukuk programme. Malaysia's Sarawak Energy plans to issue 1 billion ringgit ($264 million) of sukuk.