IslamicFinance.de

The Thomson Reuters Global Sukuk Index is at 118.57859 points, up from 117.98384 at the end of last month and 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 117.13560 points against 116.82783 at end-September and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Dubai-based retail and leisure developer Majid Al Futtaim has picked banks to arrange a potential U.S. dollar-denominated sukuk issue. Albaraka Turk has picked seven arrangers for a potential dollar-denominated sukuk issue to bolster its supplementary capital. The Tunisian government expects next year to launch a delayed sukuk issue for 1 billion dinars ($513 million).