The IILM concludes 2023 with USD 790 million short-term Ṣukūk issuance

With the conclusion of today’s successful issuance, the IILM has achieved year-to-date cumulative issuances totaling USD 11.52 billion across 36 US dollar-denominated short-term Ṣukūk series and crossing the USD 100 billion mark in total issuances since the organisation’s inception. Furthermore, the IILM’s Ṣukūk issuances during the year-to-date period accounts for approximately 20% of total global…

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The IILM organises capacity building programme in collaboration with Qatar Central Bank for Qatari banks and financial institutions

liquidity management is a critical aspect of any financial system, and I applaud the IILM’s commitment in staying at the forefront of these developments and continuously adapting to better serve the wider Islamic finance industry   Doha, Qatar – 9 November 2023. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it…

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The IILM crosses USD 100 billion mark in total Ṣukūk issuances since inception with USD 1.1 billion short-term Ṣukūk reissuance

Today’s issuance also signifies the IILM crossing the USD 100 billion mark in total issuances since the organisation’s inception, demonstrating our commitment in providing Islamic financial institutions with access to high-quality liquid assets (HQLA) via our short-term Ṣukūk instruments on a consistent and regular basis   Kuala Lumpur, Malaysia – 7 November 2023. The International…

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The IILM receives sustained demand for its USD 980 million short-term Ṣukūk reissuance

We are pleased that the 12-month tenor Ṣukūk, which was issued for the fourth time since its introduction last year, received overwhelming demand with subscription level reaching 2.4 times the offered amount   Kuala Lumpur, Malaysia – 3 October 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term…

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The IILM concludes reissuance of USD 1.16 billion short-term Ṣukūk

Today’s Ṣukūk reissuance, which marks the IILM’s ninth auction for the year, garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 2.09 billion, representing an average bid-to-cover ratio of 180%.   Kuala Lumpur, Malaysia – 5 September 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

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The IILM marks its 10-year anniversary of its Ṣukūk issuance with successful reissuance of USD 1.15 billion short-term Ṣukūk

We are indeed pleased with today’s auction that saw the 6-month tenor, especially, fully covered within the first five minutes, reflecting investors healthy appetite for the tenor. Today’s auction is also made more meaningful as it marks 10 years since the IILM issued its inaugural short-term Ṣukūk in August 2013   Kuala Lumpur, Malaysia –…

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