Today’s Ṣukūk reissuance, which marks the IILM’s ninth auction for the year, garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 2.09 billion, representing an average bid-to-cover ratio of 180%.   Kuala Lumpur, Malaysia – 5 September 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

We are indeed pleased with today’s auction that saw the 6-month tenor, especially, fully covered within the first five minutes, reflecting investors healthy appetite for the tenor. Today’s auction is also made more meaningful as it marks 10 years since the IILM issued its inaugural short-term Ṣukūk in August 2013   Kuala Lumpur, Malaysia –…

Today’s Ṣukūk reissuance, which marks the IILM’s seventh auction for the year, garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.56 billion, representing an average bid-to-cover ratio of 198%   Kuala Lumpur, Malaysia – 11 July 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

We are particularly pleased with the issuance of the 12-month tenor, as it marks the third time the longer tenor has been issued since its inaugural issuance in July last year   Kuala Lumpur, Malaysia – 13 June 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant…

Today’s Ṣukūk reissuance mark’s the IILM’s fifth auction for the year and garnered a strong demand from both Primary Dealers and investors with a combined orderbook of USD 1.63 billion, representing an average bid-to-cover ratio of 199%   Kuala Lumpur, Malaysia – 2 May 2023. The International Islamic Liquidity Management Corporation (IILM), an international organisation…

We are pleased with the successful conclusion of today’s transaction that witnessed a healthy coverage ratio across all tenors. Despite the uncertain global market environment coupled with the Federal Reserve raising interest rates for the ninth time in a row just two weeks ago, the IILM’s short-term cross-border Shari’ah-compliant liquidity instruments continue to be in…

 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…

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…

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,…

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…

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…

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…