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…

Kuala Lumpur, Malaysia – 09 October 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 500 million in two series with 3-week and 3-month tenors. The breakdown of today’s reissuances is as follows: 1. USD 200 million with 3-week tenor at a profit rate of 2.00%;…