The IILM’s Ṣukūk reissuance today witnessed a competitive tender among Primary Dealers and investors from markets across the GCC, Europe, and Asia, with a combined orderbook in excess of USD 2.05 billion, representing an average bid-to-cover ratio of 207%.     Kuala Lumpur, Malaysia – 3 September 2024. The International Islamic Liquidity Management Corporation (IILM),…

The upsizing of the Ṣukūk programme to USD 6 billion reflects the growing and sustainable demand for high quality Ṣukūk issued by the IILM, which has seen oversubscription rates exceeding 220% year-to-date. It also reinforces the IILM’s status as a unique provider of Islamic safe-haven liquidity management instruments, vital for institutions seeking Shari’ah-compliant High-Quality Liquid…

Today’s new Ṣukūk issuance represents a significant milestone for the IILM, as we expand our portfolio to include a new highly rated underlying asset, for the first time since 2020 (rated AA- internationally). This brings the IILM’s total outstanding Ṣukūk to USD 4 billion, which is the highest ever since the inception of the IILM…

Today’s auction also witnessed the participation of new investors from across the GCC and Asia, namely an Oman-based bank, a Qatari bank, and asset managers from Singapore and Malaysia respectively. The increased participation by investors demonstrates the safe haven status of the IILM Ṣukūk in a highly volatile market environment   Kuala Lumpur, Malaysia –…

Today’s auction also witnessed an encouraging level of interest from an Islamic banking window in a GCC country where the IILM does not currently have a Primary Dealer, further reinforcing the growing appeal of the IILM Ṣukūk amongst Islamic investors in the region   Kuala Lumpur, Malaysia – 9 July 2024. The International Islamic Liquidity…

Today’s Ṣukūk reissuance also featured the IILM’s sixth 12-month tenor since its introduction in 2022.   Kuala Lumpur, Malaysia – 4 June 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 the reissuance of an aggregate USD 1.05 billion short-term Ṣukūk across…