The IILM’s USD 840 million short-term Ṣukūk oversubscribed by 2.3 times in first issuance of 2024

The IILM is also pleased to have new investors from multiple jurisdictions participating in the IILM Ṣukūk auction for the first time, which bodes well for the growth of Islamic finance globally   Kuala Lumpur, Malaysia – 16 January 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term…

BI forms International Islamic Liquidity Management Corporation (IILM)

Bank Indonesia, together with 10 other central banks and two multilateral organisations, signed an agreement on 25thOctober 2010 in Kuala Lumpur, Malaysia to establish the International Islamic Liquidity Management Corporation (IILM). This agreement, facilitated by the Islamic Financial Services Board (IFSB), marks collaboration regarding an array of elements involved with current global initiatives aimed at...

The IILM Reissues USD 460 million Sukūk

Kuala Lumpur, Malaysia – 27 November 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued USD 460 million A-1 short term Sukūk with 4-month tenor for the first time since 2017 at a profit rate of 1.92%. Read More (English)

The IILM issues USD1.11 billion of short-term Ṣukūk

Today’s Ṣukūk reissuance resulted in strong demand from Islamic Primary Dealers and investors especially from GCC, with a strong orderbook in excess of USD 1.63 billion representing an average oversubscription rate of 1.48 times. Kuala Lumpur, Malaysia – 4 May 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully…