The IILM concludes reissuance of USD 1.2 billion short-term Ṣukūk

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…

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The IILM announces its top ranked Primary Dealers for first half of 2021

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…

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The IILM reissues USD 1.25 billion short-term Ṣukūk

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…

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The IILM concludes its seventh auction for 2021 with USD 1.1 billion short-term Ṣukūk

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…

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The IILM hosts its 5th Shari’ah Roundtable focusing on Shari’ah Compliant Repo Market

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…

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The IILM concludes issuance of USD900 million short-term Ṣukūk

Today’s Ṣukūk reissuance witnessed strong demand from Primary Dealers and investors mainly across Middle East and Asia, with an encouraging orderbook in excess of USD 1.4 billion representing an average oversubscription rate of 1.6 times. The International Islamic Liquidity Management Corporation (IILM) has successfully closed its issuance calendar for the 2nd Quarter of 2021 today,…

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The IILM issues USD1.11 billion of short-term Ṣukūk

Today’s Ṣukūk reissuance resulted in strong demand from Islamic Primary Dealers and investors especially from GCC, with a strong orderbook in excess of USD 1.63 billion representing an average oversubscription rate of 1.48 times. Kuala Lumpur, Malaysia – 4 May 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully…

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Strong demand sustained for the IILM’s short-term Ṣukūk

The transaction comprised USD 400 million 1-month tenor priced at 0.33%, USD 450 million 3-month at 0.36% and USD 250 million 6-month at 0.40%. Kuala Lumpur, Malaysia – 13 April 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully completed the auction for the reissuance of an aggregate of…

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The IILM concludes its third auction for 2021 for USD1.40 billion short-term Ṣukūk

The competitive tender resulted in significant interest from GCC and Asia-based Primary Dealers as well as other jurisdictions, with a strong orderbook in excess of USD 2.1 billion representing an average oversubscription rate of 1.5 times. Kuala Lumpur, Malaysia – 16 March 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it…

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The IILM announces its most active Primary Dealers for 2020

“On behalf of the IILM, I would like to extend our congratulations to the top ranked Primary Dealers in continuing to contribute to the growth and strengthening of the cross-border Islamic liquidity management framework. This recognition is well deserved and is made even more pertinent in a year marked by significant market turmoil and challenges…

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The IILM concludes its second auction for 2021 with the highest reissuance amount of USD1.35 billion short-term Ṣukūk

Today’s second issuance of the year marks another milestone for the IILM as its highest issuance size since inception. The IILM’s engagement and partnership with its Primary Dealers and investors across various jurisdictions have resulted in robust demand for its Ṣukūk in the current low rate market environment. Kuala Lumpur, Malaysia – 15 February 2021….

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