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The IILM receives strong demand for its USD 1.05 billion short-term Ṣukūk reissuance

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…

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The IILM announces its most active Primary Dealers for 2023

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…

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The IILM’s USD 840 million short-term Ṣukūk oversubscribed by 2.3 times in first issuance of 2024

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…

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The IILM appoints Mohamad Safri Shahul Hamid as new CEO

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…

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The IILM organises capacity building programme in collaboration with Participation Banks Association of Türkiye for Turkish participation banks and financial institutions

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)…

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The IILM hosts the fourth Islamic Liquidity Management Roundtable and launches the Inaugural Global Islamic Liquidity Management Report

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…

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