Shariah Money Markets Expand With First Global Bill Sales Islamic FinanceThe first global Shariah-compliant money-market securities may be sold early next year, providing Islamic banks with more opportunities to invest reserves and boost profits.

Shariah Money Markets Expand With First Global Bill Sales Islamic FinanceThe first global Shariah-compliant money-market securities may be sold early next year, providing Islamic banks with more opportunities to invest reserves and boost profits.
Kuala Lumpur, Malaysia – 12 October, 2015. On the 5th year since its establishment in October 2010, the International Islamic Liquidity Management Corporation (the IILM) wishes to announce the successful reissuance of USD860 million 3-month tenor Sukūk priced at 0.63960% profit rate today.
Kuala Lumpur, Malaysia – 15 January 2020. The International Islamic Liquidity Management Corporation (IILM) has started its auction calendar today by issuing a total of USD 850 million A-1 short term Sukūk in three series. Read More (English)
Kuala Lumpur, Malaysia – Today, the IILM is pleased to announce that it has successfully conducted the auction of its inaugural USD denominated short-term Sukūk of USD490 million, rated A-1 by Standard & Poor’s Rating Services. The Sukūk have a tenor of 3 months and were priced at LIBOR + 30bps. The USD490 million Sukūk…
Kuala Lumpur, Malaysia – 06 November 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 600 million in two series with 1-month and 3-month tenors. The breakdown of today’s reissuances is as follows: 1. USD 300 million with 1-month tenor at a profit rate of 1.85%;…
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