IslamicFinance.de

The Thomson Reuters Global Sukuk Index was last at 118.52310 points, up from 116.97354 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 116.74988 points against 115.21206 at end-2015. Some of the sukuk in the pipeline are the following: Saudi International Petrochemical Co said in late March that it had appointed Riyad Capital and NCB Capital as lead managers for a sukuk issue, without giving further details. Saudi Arabian Airlines plans to raise 5 billion riyals (US$1.3 billion) via the first tranche of a sukuk issuance programme in the second or third quarter of this year. Kuwait's Boubyan Bank aims to issue US$250 million of sukuk before the end of April.