The outcomes of the Governing Board meeting underscore our commitment to fostering a resilient Islamic finance market that aligns with the IILM mission and mandate Istanbul, Türkiye – 13 December 2023 The International Islamic Liquidity Management Corporation (IILM) convened its 31st Governing Board meeting on 12 December in Istanbul, Turkiye. During this session, key…
Kuala Lumpur, Malaysia – 11 March 2020. The International Islamic Liquidity Management Corporation (IILM) conducted its third auction of the year by issuing a total amount of USD 800 million short-term A-1 rated Ṣukūk in three series. Strong global investor demand led to a total order book of USD 1.47 billion and a bid- to-cover…
The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the three tranches of 175% – an increase of 16% of the order book since last month issuances. With over 60 orders from diversified investors, the Islamic Primary Dealers got allocations across all tenors of up to 90% of…
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