Today’s Ṣukūk reissuance mark’s the IILM’s third auction for the year and garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 175%. Kuala Lumpur, Malaysia – 7 March 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…
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…
Türkiye’s well-developed infrastructure and robust network of participation banks, underpinned by solid support from the government and various key domestic and international stakeholders, will be an attractive prospect for potential investors and position the country as a destination for Islamic finance Istanbul, Türkiye – 15 December 2023. The International Islamic Liquidity Management Corporation (IILM)…
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