The IILM’s Islamic papers remain a go-to solution for investors to place short-term cash in the context of potential upcoming shift of global monetary conditions and investors’ anticipation of rising rates. The International Islamic Liquidity Management Corporation (IILM) has successfully completed its tenth auction for 2021 today, by reissuing a total of USD 1.15 billion…

The competitive tender witnessed a strong orderbook in excess of USD 2.07 billion, representing an average oversubscription rate of 1.73 times. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively. The three series were…

We are pleased that the IILM’s Ṣukūk issuance activities and overall mandate remain on solid footing, made possible by the strong relationship with the Primary Dealers and wider investor base, and continues unabated despite the difficulties posed by the pandemic The International Islamic Liquidity Management Corporation (“IILM”) is pleased to announce the top three most…

Further to today’s reissuance, the IILM has achieved year-to-date cumulative issuances totaling USD 9.36 billion through 24 Ṣukūk series. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.25 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively. The three series were priced competitively…

Dr. Umar Oseni, Chief Executive Officer of the IILM, said: “We are pleased with the conclusion of today’s USD 1.1 billion auction, just before the Eid al-Adha holidays. The competitive demand and strong appetite from investors for high quality Islamic short-term papers reflects a continued positive market trend at the start of the second half…

Dr. Umar further noted that though there have been significant and pioneering efforts made by the IIFM, the AAOIFI and the IFSB in relation to developing and harmonizing Islamic repo structures and documentation across jurisdictions, there was still room for enhancement to ensure that the Islamic repo framework represents a widely accepted cross-border Islamic liquidity…