The IILM held its 20th Shari’ah Committee Meeting in Medina

 I am optimistic that being an integral part of the global infrastructure to support Shari’ah-compliant options, the IILM will continue to play an important role for the wider Islamic finance industry   Medina, Saudi Arabia – 17 March 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant…

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The IILM concludes reissuance of USD 1.09 billion short-term Ṣukūk

Today’s Ṣukūk reissuance mark’s the IILM’s third auction for the year and garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.91 billion, representing an average bid-to-cover ratio of 175%.   Kuala Lumpur, Malaysia – 7 March 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

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The IILM receives sustained demand for its USD 920 million short-term Sukuk reissuance in February

The auction garnered a favourable and robust demand from both Primary Dealers and investors with a combined orderbook of USD 2 billion, representing an average bid-to-cover ratio of 218%.   Kuala Lumpur, Malaysia – 7 February 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments,…

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The IILM’s USD 780 million short-term Ṣukūk oversubscribed by 2.4 times in first issuance of 2023

We are pleased to start the year on a strong and positive note, with today’s first transaction of the year witnessing a healthy coverage ratio and its competitive yield reflecting a strong demand for high quality Shari’ah-compliant liquidity instruments   Kuala Lumpur, Malaysia – 17 January 2023. The International Islamic Liquidity Management Corporation (IILM), an…

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The IILM announces its most active Primary Dealers for 2022

The secondary market especially, has seen a hive of activity with total trading volume reaching USD 2.23 billion as at the end of last year, which is the highest we have seen on an annual basis since inception   Kuala Lumpur, Malaysia – 16 January 2023. The International Islamic Liquidity Management Corporation (“IILM”), an international…

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The IILM concludes final transaction for 2022 with reissuance of USD 1.21 billion short-term Ṣukūk

Furthermore, the IILM’s Ṣukūk issuances during the year accounts for 39% of total global US dollar Ṣukūk issuances. 2022 has been nothing short of an extraordinary year for the IILM, with multiple key achievements that validate the IILM’s short-term Ṣukūk programme as an integral part of the wider Islamic finance ecosystem   Kuala Lumpur, Malaysia…

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The IILM receives sustained demand for its USD 1.12 billion short-term Ṣukūk reissuance in November

Further to today’s reissuance, the IILM has achieved year-to-date cumulative issuances totaling USD 12.67 billion through 34 Ṣukūk series   Kuala Lumpur, Malaysia – 08 November 2022. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully reissued a total of USD 1.12 billion short-term…

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The IILM successfully reissues a total of USD 1.12 billion short-term Ṣukūk

Today’s auction also marks the IILM’s second 12-month Ṣukūk offering, further exemplifying the IILM’s efforts to supply its Shari’ah-compliant paper across the short-term yield curve   Kuala Lumpur, Malaysia – 04 October 2022. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully reissued a…

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The IILM receives second international rating of “F1” from Fitch Ratings for its USD 4 billion short-term Ṣukūk programme

The second rating received by the IILM from Fitch reaffirms the strong fundamentals of the IILM Ṣukūk and solidifies the IILM’s Ṣukūk programme that serves the global financial services market’s need for Shari’ah compliant instruments Kuala Lumpur, Malaysia – 28 September 2022. Today, the International Islamic Liquidity Management Corporation (IILM), an international organisation that develops…

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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…

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The IILM successfully reissues USD 1.03 billion short-term Sukuk

Further to today’s reissuance, the IILM has achieved year-to-date cumulative issuances totaling USD 9.09 billion through 22 Ṣukūk series Kuala Lumpur, Malaysia – 02 August 2022. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.03 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three and six-month…

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The IILM achieves key milestone with successful issuance of inaugural 12-month “A-1” rated cross-border USD Sukuk

This auction is indeed a landmark for us, as it marks the IILM’s inaugural issuance of a 12-month tenor Ṣukūk and we are glad that it was well received by the market, with the demand for the tranche reaching 1.85 times the issuance size (of USD 250 million) Kuala Lumpur, Malaysia – 04 July 2022….

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