World Economy

Sukuk Index Draws $3b

Sukuk Index Draws $3bSukuk Index Draws $3b

Malaysian Shariah-compliant bonds may receive a $3b injection when they get added to a Barclays Plc index, making them cheaper relative to the country’s non-Islamic notes, Bloomberg reported. The Sukuk will be added to Barclays Global Aggregate Index on March 31 with a weighting of 0.18%, the UK lender said, estimating it would attract at least $2.5b to $3b.