Home/The IILM Sukūk Fact Sheet

Who We Are

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 nine Central Banks and one multilateral organisation:

shareholders_list

What We Do

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.

The IILM Sukūk Value Proposition

Islamic liquidity management tool

  • Asset-Backed Commercial Paper (ABCP) scalable Programme
  • Denominated in USD
  • Short-term Sukūk, i.e. tenor below 12 months

Low Risk 

  • Investment Grade Short Term “A-1” Rated Programme by S&P
  • High quality of the underlying asset pool of Sovereign, Sovereign- linked, Supranational Sukūk
  • Appropriate regulatory treatment across jurisdictions

Condusive Infrastructure for Tradibility

  • Most widely acceptable and tradable Shari’ah-compliant liquidity instrument
  • Frequent issuances of various tenors from 2-week to 7-month
  • Diverse network of Primary Dealers to support primary market and facilitate secondary market

For more information on the IILM Sukūk Programme, please contact: issuance@iilm.com

Disclaimer: The information contained herein speaks only as of 30th September 2020.  All relevant data and market updates correspond to the date of this document. No representation or warranty, either express or implied, is made that the information contained herein is appropriate for use in all locations, or that any products, investments and/or services discussed herein are available or appropriate for sale or use in any jurisdiction, or by any investors. Any opinions expressed or data presented in this material are subject to change without notice. Neither the IILM nor any of its members, nor any of their directors, employees, contractors, sub- contractors or agents, accepts any liability for any loss or damage arising out of the use of any part of this material.

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