The IILM’s Ṣukūk reissuance today witnessed a competitive tender among Primary Dealers and investors from markets across the GCC, Europe, and Asia, with a combined orderbook in excess of USD 2.05 billion, representing an average bid-to-cover ratio of 207%.     Kuala Lumpur, Malaysia – 3 September 2024. The International Islamic Liquidity Management Corporation (IILM),…

The upsizing of the Ṣukūk programme to USD 6 billion reflects the growing and sustainable demand for high quality Ṣukūk issued by the IILM, which has seen oversubscription rates exceeding 220% year-to-date. It also reinforces the IILM’s status as a unique provider of Islamic safe-haven liquidity management instruments, vital for institutions seeking Shari’ah-compliant High-Quality Liquid…

Today’s new Ṣukūk issuance represents a significant milestone for the IILM, as we expand our portfolio to include a new highly rated underlying asset, for the first time since 2020 (rated AA- internationally). This brings the IILM’s total outstanding Ṣukūk to USD 4 billion, which is the highest ever since the inception of the IILM…

Today’s auction also witnessed the participation of new investors from across the GCC and Asia, namely an Oman-based bank, a Qatari bank, and asset managers from Singapore and Malaysia respectively. The increased participation by investors demonstrates the safe haven status of the IILM Ṣukūk in a highly volatile market environment   Kuala Lumpur, Malaysia –…

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…