SUKUK PIPELINE - Issue plans around the world

The Thomson Reuters Global Sukuk Index was at 118.20147 points at the end of last month, up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index was at 116.92144 at end-July against 113.69014 at end-2014. Some of the sukuk in the pipeline are: Kuwait is preparing legislation to facilitate issues of sukuk by the government. Ivory Coast will launch the first tranche of a local currency sukuk programme this year, selling 150 billion CFA francs ($252 million). Malaysia's West Coast Expressway Sdn Bhd plans a guaranteed 1 billion ringgit ($265 million) sukuk murabaha programme to fund a highway project.