Home/The Issuance Programme

On 6 April 2013, the IILM announced the launch of its inaugural short-term Sukūk Programme, which is rated A-1 by Standard and Poor’s Rating Services.The IILM Sukūk Programme marks the first of many things, not only for Islamic finance but also in the conventional space as well:

The IILM Issuance Track Record To Date

There are several important features of the IILM Sukūk that are intended to assist the establishment of a liquid, cross-border market for Institutions offering Islamic financial services (IIFS).

2013
2014
2015
2016
2017
2018
2019
2020

2013


Total Outstanding IILM Sukūk
Aug 13,  USD490 Million

Issuance Details
3M tenor

2014


Total Outstanding IILM Sukūk
Jan 14,  USD1.35 Billion
Nov 14,  USD1.85 Billion

Issuance Details
3M & 6M tenor

2015


Issuance Details
3M & 6M tenor

2016


Total Outsanding IILM Sukūk
Feb 16,  USD2.20 Billion
Jul 16,  USD2.45 Billion

Issuance Details
3M & 4M tenor

2017


Total Outsanding IILM Sukūk
End of 2017,  USD3.00 Billion

Issuance Details
2M, 3M, 4M & 6M tenor

2018


Total Outsanding IILM Sukūk
May 2018, USD2.45 Billion
Aug 2018, USD2.06 Billion

Issuance Details
3M & 6M tenor

2019


Total Outsanding IILM Sukūk
May 2019, USD2.21 Billion
Oct 2019, USD1.96 Billion

Issuance Details
3M, 4M & 6M tenor

2020


Total Outsanding IILM Sukūk

Jan 1st, 2020, USD 1.96 Billion
Jan 21st, 2020, USD 2.51 Billion
Jul 23rd, 2020, USD 3 Billion
Sep 24th, USD 3.51 Billion

Issuance Details
1M, 6W, 3M, 6M & 7M tenor

It is the first Shari’ah-compliant, short-term, highly rated, tradable, US Dollar-denominated instrument in the market

It is the first money market instrument backed by sovereign assets in the form of Sukūk

It has the first multi-jurisdictional primary dealer network that facilitates distribution to investors worldwide