IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 117.83027 points, up from 117.69120 at the end of last month and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 116.41248 against 116.46023 at end-August and 113.69014 at end-2014. Sukuk in the pipeline include: SapuraKencana Petroleum, a Malaysian oil and gas services firm, said in early September it would launch a $200 million sukuk, to be issued on Sept. 8. Aluminium Bahrain is seeking a credit rating ahead of talks with banks about fund-raising for its $3.5 billion Line 6 expansion. A banking source said a bond or sukuk could be issued before end-2015 or early in 2016.