The International Islamic Liquidity Management (IILM) Corporation Inaugural Sukūk Issuance of USD490 million

Kuala Lumpur, Malaysia – Today, the IILM is pleased to announce that it has successfully conducted the auction of its inaugural USD denominated short-term Sukūk of USD490 million, rated A-1 by Standard & Poor’s Rating Services. The Sukūk have a tenor of 3 months and were priced at LIBOR + 30bps. The USD490 million Sukūk…

The IILM successfully reissues USD 600 million short-term Sukuk; second issuance in May 2022

The competitive tender witnessed a strong orderbook of approximately USD 1.14 billion, representing an average bid-to-cover ratio of 190% Kuala Lumpur, Malaysia – 24 May 2022. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 600 million short-term “A-1” rated Ṣukūk across two different tenors of three and six-month respectively….

The IFSB announces the establishment of an International Islamic Liquidity Management Corporation

Washington, 7 October 2010 - The Islamic Financial Services Board (IFSB) today facilitated the signing of the Memorandum of Participation for the establishment of the International Islamic Liquidity Management Corporation (IILM). The primary objective of the IILM is to issue Sharī`ah-compliant financial instruments in order to facilitate more efficient and effective liquidity management solutions for...

The IILM issues a total of USD 1 billion Sukūk

  The overall demand was strong with a total order book of USD 2.15 billion and a weighted average bid-to-cover ratio for the three Sukūk series of 215%.   Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) conducted the second auction of the year by issuing a total amount of USD 1…