SUKUK PIPELINE - Issue plans around the world

The Thomson Reuters Global Sukuk Index is at 118.10483 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 116.80733 against 116.82783 at end-September and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Oman will open subscriptions on Oct. 8 for its first sovereign issue of sukuk; the rial-denominated sukuk will have a tenor of five years, and the size of the issue will be decided on completion of a book-building exercise. Turkish Islamic bank Kuveyt Turk has picked seven banks to arrange a potential U.S. dollar-denominated sukuk issue. The Pakistani government plans an international sukuk issue, likely to be worth $500 million, next year.