Home/Indicative Issuance Calendar

The IILM short-term Sukuk are issued monthly through a network of 10 Primary Dealers under a programme size of USD 4 billion rated “A-1” by S&P and a newly received second rating of “F1” by Fitch in September 2022. The IILM has successfully stabilised its outstanding issuances in 2022 to USD 3.51 billion, addressing the rising demand for high quality assets from the Institutions offering Islamic Financial Services (IIFS).

The IILM has thrived to fulfil its mandate of providing liquidity management instruments to the market by supplying an excess of USD 13.88 billion in 2022, across 37 USD Sukuk through 4 different tenors. The IILM stands out as one of the top USD Sukuk issuer as its Sukuk accounted for 39% of the total global USD Sukuk issuances in 2022. The IILM has consistently offered three different tenors every month, namely 1-month, 3-month and 6-month and launched the inaugural 12-month tenor to address the varying liquidity needs and thus completing its yield curve. The secondary market volume has reached USD 2.2 billion, the highest volume since inception, representing circa 16% of the total issuance in 2022.

As the IILM looks forward to scaling up in the year ahead, it will pursue more diversification strategies by exploring new developments of its issuance programme to address investors’ needs increase and enhance the accessibility to its high-quality and short term Sukuk. The IILM will continue to improve its issuance strategy and ease the liquidity of the secondary market.

The IILM remains the only provider of Cross- Border Islamic Liquidity Management Solutions in the short-term space with the following characteristics:

  • 10-year track record with 222 issuances, from 2-week to 12-month tenor, amounting to a total of USD 96.91 billion Sukuk
  • High credit quality instrument backed by a pool of Sovereign, Supranational and Sovereign-linked obligations rated
  • Appropriate HQLA regulatory treatment in various jurisdictions
  • Tradable (79% tangibility ratio) and supported by a robust primary/secondary market infrastructure based in GCC, Asia and Europe
  • Widely acceptable under Shari’ah principles

The IILM Primary Dealers by alphabetic order are as follows:

  1. Abu Dhabi Islamic Bank;
  2. Al Baraka Turk;
  3. Dukhan Bank (former Barwa Bank);
  4. Boubyan Bank;
  5. CIMB Islamic;
  6. First Abu Dhabi Bank;
  7. Kuwait Finance House;
  8. Maybank Islamic;
  9. Qatar Islamic Bank; and
  10. Standard Chartered Bank.

2023 IILM Indicative Sukuk Issuance Calendar

Announcement Date
Auction Date
Issuance Date
Tenor
Total Size (USD ‘Million)
New/Re-issuance
Maturity Date
Tue, 10 Jan, 2023
Tue, 17 Jan, 2023
Thu, 19 Jan, 2023
1-month
780
Re-issuance
Thu, 9 Feb, 2023
3-month
Re-issuance
Thu, 6 Apr, 2023
6-month
Re-issuance
Thu, 3 Aug, 2023
Tue, 31 Jan, 2023
Tue, 7 Feb, 2023
Thu, 9 Feb, 2023
1-month
920
Re-issuance
Thu, 9 Mar, 2023
3-month
Re-issuance
Mon, 8 May, 2023
6-month
Re-issuance
Thu, 3 Aug, 2023
Tue, 28 Feb, 2023
Tue, 7 Mar, 2023
Thu, 9 Mar, 2023
1-month
1090
Re-issuance
Thu, 6 Apr, 2023
3-month
Re-issuance
Thu, 15 Jun, 2023
6-month
Re-issuance
Thu, 7 Sep, 2023
Tue, 28 Mar, 2023
Tue, 4 Apr, 2023
Thu, 6 Apr, 2023
1-month
740
Re-issuance
Mon, 8 May, 2023
3-month
Re-issuance
Thu, 13 Jul, 2023
6-month
Re-issuance
Thu, 5 Oct, 2023
Tue, 25 Apr, 2023
Tue, 2 May, 2023
Mon, 8 May, 2023
1-month
820
Re-issuance
Thu, 15 Jun, 2023
3-month
Re-issuance
Thu, 3 Aug, 2023
6-month
Re-issuance
Thu, 9 Nov, 2023
Tue, 6 Jun, 2023
Tue, 13 Jun, 2023
Thu, 15 Jun, 2023
1-month
1,200
Re-issuance
Thu, 13 Jul, 2023
3-month
Re-issuance
Thu, 7 Sep, 2023
12-month
Re-issuance
Thu, 6 Jun, 2024
Tue, 4 Jul, 2023
Tue, 11 Jul, 2023
Thu, 13 Jul, 2023
1-month
790
Re-issuance
Thu, 3 Aug, 2023
3-month
Re-issuance
Thu, 5 Oct, 2023
6-month
Re-issuance
Thu, 18 Jan, 2024
Tue, 25 Jul, 2023
Tue, 1 Aug, 2023
Thu, 3 Aug, 2023
1-month
1,150
Re-issuance
Thu, 7 Sept, 2023
3-month
Re-issuance
Thu, 9 Nov, 2023
6-month
Re-issuance
Wed, 7 Feb, 2024
Tue, 29 Aug, 2023
Tue, 5 Sep, 2023
Thu, 7 Sep, 2023
1-month
1,160
Re-issuance
Thu, 5 Oct, 2023
3-month
Re-issuance
Thu, 7 Dec, 2023
6-month
Re-issuance
Thu, 7 Mar, 2024
Tue, 26 Sep, 2023
Tue, 3 Oct, 2023
Thu, 5 Oct, 2023
1-month
980
Re-issuance
Thu, 9 Nov, 2023
3-month
Re-issuance
Thu, 18 Jan, 2024
12-month
Re-issuance
Thu, 3 Oct, 2024
Tue, 31 Oct, 2023
Tue, 7 Nov, 2023
Thu, 9 Nov, 2023
1-month
1,070
Re-issuance
Thu, 7 Dec, 2023
3-month
Re-issuance
Wed, 7 Feb, 2024
6-month
Re-issuance
Thu, 9 May, 2024
Tue, 28 Nov, 2023
Tue, 5 Dec, 2023
Thu, 7 Dec, 2023
1-month
840
Re-issuance
Thu, 18 Jan, 2024
3-month
Re-issuance
Thu, 7 Mar, 2024
6-month
Re-issuance
Thu, 6 Jun, 2024
Disclaimer: The information contained in the indicative issuance calendar is subject to change without notice. Neither the IILM nor any of its members, nor any of their directors, and employees accepts any liability for any loss or damage arising out of the use of any information contained therein.