IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.39852 points, up from 118.20147 at the end of last month and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 117.20366 against 116.92144 at end-July and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Saudi Arabia's Al Othaim Real Estate and Investment Co is marketing a five-year debut sukuk issue which could raise up to 1 billion riyals ($267 million) for the company. Tunis-based Best Lease aims to raise up to 30 million dinars ($15.6 million) via sukuk to finance its growth. Kuwait is preparing legislation to facilitate issues of sukuk by the government as it assesses options to finance a big budget deficit.