IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.97246 points, down from 118.20147 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 116.67852 against 116.92144 at end-July and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Malaysia's TIME dotCom is proposing a 1 billion ringgit ($240 million) sukuk programme to run until 2035. Sukuk are a funding option for the Philippine government, National Treasurer Roberto Tan said, adding that he hoped Congress would pass legislation to allow such issuance. Saudi Arabian dairy producer Almarai will issue a senior sukuk of up to 2 billion riyals ($533 million).