The IILM Issues a total of USD 1.01 billion Sukūk

  The tender resulted in significant demand from Middle Eastern, Asian and African investors, with an orderbook that closed in excess of USD 1.3 billion, representing an oversubscription rate of 1.38 times. Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total amount of USD 1.01 billion short-term A-1…

Reissuance of USD500 Million Sukūk

Kuala Lumpur, Malaysia – 23 January 2019. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it that it has successfully conducted its first auction for 2019 of a total USD 500 million short-term Sukūk in two different series of 1-month tenor and 2-month tenor. The A-1 rated IILM Sukūk by Standard…

Liquidity management body to facilitate investment flows

Governors and representatives from 12 central banks and two multilateral organisations signed on Monday the articles of agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM). The signing ceremony was the highlight at the opening ceremony of the Global Islamic Finance Forum. Liquidity management body to facilitate investment flows

The IILM Reissues USD 600 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%;…