KUALA LUMPUR (Sept 8): The International Islamic Liquidity Management Corporation (IILM) has today successfully conducted an auction for a total issuance of US$900 million short-term A-1 rated sukuk in two series — one-month and three-month tenors. In a statement, IILM said one was a US$400 million issuance of one-month tenor at 0.22%, while the…

Against a backdrop of cautious market sentiments, the IILM has successfully secured strong demand from the market with an order book in excess of USD 1.56 billion, representing an average oversubscription ratio of 145%   Kuala Lumpur, Malaysia: The International Islamic Liquidity Management Corporation (IILM) announced that it has successfully reissued a combined total of…

Dr. Umar Oseni, Chief Executive Officer of the IILM, said: “We are pleased with the conclusion of today’s USD 1.1 billion auction, just before the Eid al-Adha holidays. The competitive demand and strong appetite from investors for high quality Islamic short-term papers reflects a continued positive market trend at the start of the second half…