We are pleased with the successful conclusion of today’s transaction that witnessed a healthy coverage ratio across all tenors. Despite the uncertain global market environment coupled with the Federal Reserve raising interest rates for the ninth time in a row just two weeks ago, the IILM’s short-term cross-border Shari’ah-compliant liquidity instruments continue to be in…

 I am optimistic that being an integral part of the global infrastructure to support Shari’ah-compliant options, the IILM will continue to play an important role for the wider Islamic finance industry   Medina, Saudi Arabia – 17 March 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant…

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…

The auction garnered a favourable and robust demand from both Primary Dealers and investors with a combined orderbook of USD 2 billion, representing an average bid-to-cover ratio of 218%.   Kuala Lumpur, Malaysia – 7 February 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments,…

We are pleased to start the year on a strong and positive note, with today’s first transaction of the year witnessing a healthy coverage ratio and its competitive yield reflecting a strong demand for high quality Shari’ah-compliant liquidity instruments   Kuala Lumpur, Malaysia – 17 January 2023. The International Islamic Liquidity Management Corporation (IILM), an…

The secondary market especially, has seen a hive of activity with total trading volume reaching USD 2.23 billion as at the end of last year, which is the highest we have seen on an annual basis since inception   Kuala Lumpur, Malaysia – 16 January 2023. The International Islamic Liquidity Management Corporation (“IILM”), an international…