SUKUK PIPELINE - Issue plans around the world

The Thomson Reuters Global Sukuk Index is at 117.04371 points, down from 117.25342 at the end of last month but up from 115.79726 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 115.22131 points against 115.35741 at end-November and 113.69014 at end-2014. Some of the sukuk in the pipeline are: Qatar's Barwa Bank has listed a $2 billion Islamic bond programme on the Irish Stock Exchange. A unit of Malaysia's Ahmad Zaki Resources signed a guaranteed sukuk murabaha facility agreement with Bank Pembangunan Malaysia and Maybank Investment Bank for a guaranteed Islamic medium-term note facility of up to 1 billion ringgit ($238 million). Malaysia's Scientex said in early December that a unit had resistered with the Securities Commission a 15-year sukuk murabaha programme with a value of up to 500 million ringgit.