Home/The Issuance Programme

On 6 April 2013, the IILM announced the launch of its inaugural short-term Sukūk Programme, which is rated A-1 by Standard and Poor’s Rating Services.The IILM Sukūk Programme marks the first of many things, not only for Islamic finance but also in the conventional space as well:

The IILM Issuance Track Record To Date

There are several important features of the IILM Sukūk that are intended to assist the establishment of a liquid, cross-border market for Institutions offering Islamic financial services (IIFS).

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

2013


Total Sukuk Issuance Amount

USD 980 Million

Total Sukuk Series Issued
2

2014


Total Sukuk Issuance Amount

USD 5.80 Billion

Total Sukuk Series Issued
9

2015


Total Sukuk Issuance Amount

USD 6.40 Billion

Total Sukuk Series Issued
10

2016


Total Sukuk Issuance Amount

USD 9.30 Billion

Total Sukuk Series Issued
10

2017


Total Sukuk Issuance Amount

USD 9.85 Billion

Total Sukuk Series Issued
15

2018


Total Sukuk Issuance Amount

USD 8.11 Billion

Total Sukuk Series Issued
15

2019


Total Sukuk Issuance Amount

USD 9.03 Billion

Total Sukuk Series Issued
29

2020


Total Sukuk Issuance Amount

USD 11.95 Billion

Total Sukuk Series Issued
35

2021


Total Sukuk Issuance Amount

USD 14.12 Billion

Total Sukuk Series Issued
36

2022


Total Sukuk Issuance Amount

USD 12.67 Billion

Total Sukuk Series Issued
34

It is the first Shari’ah-compliant, short-term, highly rated, tradable, US Dollar-denominated instrument in the market

It is the first money market instrument backed by sovereign assets in the form of Sukūk

It has the first multi-jurisdictional primary dealer network that facilitates distribution to investors worldwide