Home/The IILM Sukūk Fact Sheet
The International Islamic Liquidity Management Corporation (IILM) is an international organisation established by nine central banks, and one multilateral organisation to create and issue Shari’ah-compliant financial instruments in order to facilitate effective cross-border Islamic liquidity management.
Our shareholders comprise of eight Central Banks and one multilateral organisation:
To facilitate the policy mandate of the IILM, a Shari’ah-compliant short-term certificate programme was established in 2013 to issue tradable, Shari’ah-compliant instruments to support the varying liquidity needs of institutions offering Islamic financial services (IIFS).
Since the inaugural issuance of USD 490 million 3-month Sukūk in August 2013, the IILM program has grown and the IILM Sukūk outstanding currently stands at USD 3.51 billion. The IILM has issued across different tenors to provide IIFS with different options to better manage their liquidity management requirements.
Islamic liquidity management tool
Condusive Infrastructure for Tradibility
For more information on the IILM Sukūk Programme, please contact: email@example.com
Please download below, for the Full IILM Sukūk Fact Sheet: