Today’s auction also witnessed an encouraging level of interest from an Islamic banking window in a GCC country where the IILM does not currently have a Primary Dealer, further reinforcing the growing appeal of the IILM Ṣukūk amongst Islamic investors in the region   Kuala Lumpur, Malaysia – 9 July 2024. The International Islamic Liquidity…

Today’s Ṣukūk reissuance also featured the IILM’s sixth 12-month tenor since its introduction in 2022.   Kuala Lumpur, Malaysia – 4 June 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully completed the reissuance of an aggregate USD 1.05 billion short-term Ṣukūk across…

Affin Islamic to be the third Malaysian-based global Primary Dealer for the IILM’s ‘A-1’ and ‘F1’ rated short-term Ṣukūk programme   JOINT MEDIA RELEASE FOR IMMEDIATE RELEASE   KUALA LUMPUR – The International Islamic Liquidity Management Corporation (“IILM”), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has onboarded Affin Islamic Bank Berhad…

Despite the changing expectations surrounding the Federal Reserves’ decision on interest rates, we witnessed a healthy average bid-to-cover ratio of 244% across all three tenors, reflecting a booming demand for the IILM’s short-term Islamic papers Kuala Lumpur, Malaysia – 7 May 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and…

Today’s Ṣukūk reissuance, which marks the IILM’s fourth auction for the year, also featured the IILM’s fifth 12-month tenor since its introduction in 2022 Kuala Lumpur, Malaysia – 2 April 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully completed its fourth auction…

Despite the resurgence of Global Ṣukūk issuances and the market’s shifting expectations on rates, today’s auction also witnessed several new investors participating at primary level for the first time. This underscores the global cross-border appeal of the IILM’s short-term Ṣukūk and our commitment to support the growth of the global Islamic financial system Kuala Lumpur,…

Today’s Ṣukūk reissuance, which marks the IILM’s second auction for the year, garnered a strong demand from both Primary Dealers and investors from the markets across the GCC region as well as Asia, with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 182%.   Kuala Lumpur, Malaysia – 5 February…

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…

The IILM is also pleased to have new investors from multiple jurisdictions participating in the IILM Ṣukūk auction for the first time, which bodes well for the growth of Islamic finance globally   Kuala Lumpur, Malaysia – 16 January 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term…

Mohamad Safri Shahul Hamid to lead the IILM from 1 January 2024   Kuala Lumpur, Malaysia – 31 December 2023. The International Islamic Liquidity Management Corporation (IILM) wishes to announce the appointment of Mr. Mohamad Safri Shahul Hamid (herein refer to Mr. Safri) as the new Chief Executive Officer (CEO) for a 3-year tenure, effective…

Türkiye’s well-developed infrastructure and robust network of participation banks, underpinned by solid support from the government and various key domestic and international stakeholders, will be an attractive prospect for potential investors and position the country as a destination for Islamic finance   Istanbul, Türkiye – 15 December 2023. The International Islamic Liquidity Management Corporation (IILM)…

In the face of uncertainties, market players in the Islamic finance sector will need to continue to explore innovative tools to address the industry’s evolving liquidity management needs   Istanbul, Türkiye – 14 December 2023.   The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it successfully organised the ‘Islamic Liquidity Management…