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,…