The financier of a subway in Malaysia’s capital is seeking to tap the Islamic bond market for the second time this year after domestic borrowing costs fell to a three-year low.

DUBAI, Aug 28 (Reuters) - Following are major Islamic bond issues in the global pipeline. The Thomson Reuters Global Sukuk Index was last at 122.29605 points, up from 116.97354 at the end of last year. The Thomson Reuters Investment Grade Sukuk Index is at 121.31371 points against 115.21206 at end-2015.

According to the Finance Ministry, the federal government’s latest sovereign national debt amount for the year ending Dec 31, 2015 is at a staggering at RM630.5 billion, which stands at 54.5 percent of the Gross Domestic Product (GDP).

Malaysia’s second-biggest Islamic bond arranger predicts sales will more than double over the next six months after new central bank governor Muhammad Ibrahim unexpectedly cut interest rates.

Asia’s sukuk market has defied predictions of doom linked to the fall in oil prices, with sovereign and infrastructure-linked issues potentially pointing to a record year for new issues.

[KUALA LUMPUR] Malaysia's second-biggest Islamic bond arranger predicts sales will more than double over the next six months after new central bank Governor Muhammad Ibrahim unexpectedly cut interest rates.