The IILM concludes reissuance of USD 1.34 billion short-term Ṣukūk

Given the size of the issuance today, which is the IILM’s largest Ṣukūk issuance for the year to date, we are very pleased with a successful auction that saw the offerings being oversubscribed Kuala Lumpur, Malaysia – 06 September 2022. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.34…

The IILM Reissues USD 500 million Sukūk in Two Series

Kuala Lumpur, Malaysia – 10 April 2019. Today the International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total amount of US500 million short-term A-1 Sukūk rated by Standard & Poor’s in two series as follows: 1. USD 200 million with 1-month tenor at a profit rate of 2.67%; and 2. USD 300 million…

Shariah Banks Get Profit Boost With Money-Market Products: Islamic Finance

Islamic banks will be offered a range of new money-marketinstruments in coming months, allowing lenders to earn larger returns from excess cash stored at central banks or locked into longer-dated securities. Shariah Banks Get Profit Boost

The IILM announces its most active Primary Dealers for 2023

The IILM achieved a critical milestone in 2023 when it crossed the USD 100 billion mark in total issuances since the organisation’s inception, and this would not have been possible without the tremendous support of the Primary Dealers. They have played a pivotal role in ensuring that the IILM’s short-term liquidity instruments continue to support…