The IILM’s USD 1.03 billion short-term Ṣukūk oversubscribed by 2.4 times

Despite the changing expectations surrounding the Federal Reserves’ decision on interest rates, we witnessed a healthy average bid-to-cover ratio of 244% across all three tenors, reflecting a booming demand for the IILM’s short-term Islamic papers Kuala Lumpur, Malaysia – 7 May 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and…

Comments Off on The IILM’s USD 1.03 billion short-term Ṣukūk oversubscribed by 2.4 times Keep Reading

The IILM reissues USD 740 million short-term Ṣukūk

Today’s Ṣukūk reissuance, which marks the IILM’s fourth auction for the year, also featured the IILM’s fifth 12-month tenor since its introduction in 2022 Kuala Lumpur, Malaysia – 2 April 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully completed its fourth auction…

Comments Off on The IILM reissues USD 740 million short-term Ṣukūk Keep Reading

The IILM concludes reissuance of USD 980 million short-term Ṣukūk

Despite the resurgence of Global Ṣukūk issuances and the market’s shifting expectations on rates, today’s auction also witnessed several new investors participating at primary level for the first time. This underscores the global cross-border appeal of the IILM’s short-term Ṣukūk and our commitment to support the growth of the global Islamic financial system Kuala Lumpur,…

Comments Off on The IILM concludes reissuance of USD 980 million short-term Ṣukūk Keep Reading

The IILM receives strong demand for its USD 1.05 billion short-term Ṣukūk reissuance

Today’s Ṣukūk reissuance, which marks the IILM’s second auction for the year, garnered a strong demand from both Primary Dealers and investors from the markets across the GCC region as well as Asia, with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 182%.   Kuala Lumpur, Malaysia – 5 February…

Comments Off on The IILM receives strong demand for its USD 1.05 billion short-term Ṣukūk reissuance Keep Reading

The IILM announces its most active Primary Dealers for 2023

The IILM achieved a critical milestone in 2023 when it crossed the USD 100 billion mark in total issuances since the organisation’s inception, and this would not have been possible without the tremendous support of the Primary Dealers. They have played a pivotal role in ensuring that the IILM’s short-term liquidity instruments continue to support…

Comments Off on The IILM announces its most active Primary Dealers for 2023 Keep Reading

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…

Comments Off on The IILM’s USD 840 million short-term Ṣukūk oversubscribed by 2.3 times in first issuance of 2024 Keep Reading
12333