SUKUK PIPELINE - Issue plans around the world

The Thomson Reuters Global Sukuk Index is at 116.70135 points, up from 115.79726 at the end of last month. The Thomson Reuters Investment Grade Sukuk Index is at 114.76183 points against 113.69014 at end-December. The sukuk in the pipeline include the following: Bank Islami Pakistan plans to raise 3.5 billion rupees ($34.8 million) via subordinated sukuk. Turkiye Finans received regulatory approval for a 71 million lira sukuk issue by trailer manufacturer Tirsan Treyler Sanayi ve Ticaret. Malaysia Building Society Berhad is planning a second issuance of its structured covered sukuk commodity murabaha programme, aiming to raise up to 700 million ringgit. Oman's government will make its first issue of rial-denominated sukuk for the domestic market as soon as in the first quarter of 2015.