SUKUK PIPELINE - Issue plans around the world
August 23, 2015
Following are major Islamic bond issues in the global pipeline.
The Thomson Reuters Global Sukuk Index is at 117.97246 points, down from 118.20147 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 116.67852 against 116.92144 at end-July and 113.69014 at end-2014.
Tunisian firms prepare to issue Islamic bonds
August 4, 2015
Tunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labor unrest and militant attacks.
Islamic finance — which bars interest payments in accordance with Islamic, or Shariah, law — accounts for just 2.5 percent of Tunisia's financial sector and was a low priority under autocratic leader Zine El-Abidine Ben Ali, who was toppled in 2011.
But successor governments have been seeking to develop the industry, partly as a way to gain access to pools of...