IslamicFinance.de

The Thomson Reuters Global Sukuk Index closed last month at 117.01353, up from 115.79726 at the end of 2014. The Thomson Reuters Investment Grade Sukuk Index is at 115.29446 points against 113.69014 at end-2014. Some of the sukuk in the pipeline are: Samalaju Industrial Port proposed a sukuk murabaha programme of up to 950 million ringgit ($221 million). Singapore's Vallianz Holdings said in mid-December that a subsidiary would refinance loans with a Saudi riyal-denominated sukuk issue of up to 1.1 billion riyals ($293 million). Malaysia's Wego Sdn Bhd proposed a sukuk musharaka issue of up to 210 million ringgit. Qatar's Barwa Bank listed a $2 billion Islamic bond programme on the Irish Stock Exchange, taking it a step closer to tapping the sukuk market for the first time.