We are very pleased to kickstart the year on a solid footing, with today’s transaction’s coverage ratio and its competitive yield reflecting a strong appetite from both Primary Dealers and investors for high quality Shari’ah-compliant liquidity instruments Kuala Lumpur, Malaysia – 17 January 2022. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce…

2021 proved to be another challenging year for global markets due to the continued disruption caused by Covid-19 and other forms of volatilities, yet the Primary Dealers and investors remained steadfast with the IILM’s Ṣukūk programme, which amounted to USD 14.12 billion across 36 Ṣukūk series during the year Kuala Lumpur, Malaysia – 13 January…

I commend the IILM for its excellent work over the years, and on behalf of the IILM members, we look forward to the organisation’s mandates in 2022 to further enhance financial stability of IIFS through Ṣukūk issuances as well as initiatives to promote cross-border liquidity management infrastructure and to further strengthen co-operation among the IILM…

the IILM has achieved year-to-date cumulative issuances totalling USD 14.12 billion across 36 US dollar-denominated short-term Ṣukūk series, which is the highest to date since our inaugural issuance in 2013 and a significant milestone in the organisation’s history The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully completed the…

While the IILM’s issuance this month appears to be quite sizeable at the tail end of the year, on the back of the markets’ intensifying expectations for a tighter policy by the Fed, we are pleased that the issuance for all tenors were fully subscribed at a competitive all-in profit rates The International Islamic Liquidity…

The situation we are facing today calls upon us to further progress and develop the Islamic financial markets globally, to be equipped with deeper Islamic money market instruments and an Islamic benchmark yield curve. Jakarta, Indonesia: The International Islamic Financial Market (IIFM) and the International Islamic Liquidity Management Corporation (IILM) hosted a joint awareness seminar…

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…