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 issues USD 900 million Sukūk

The tender resulted in significant demand from Asian and Middle Eastern investors, with an orderbook that closed in excess of USD 1.59 billion, representing an average oversubscription rate of 1.77 times.   Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance of USD 900…

The IILM Reissues USD 1.05 billion Sukūk

Kuala Lumpur, Malaysia – 05 August 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 1.05 billion in three tranches with three different tenors of 1-month, 3-month and 6-month, respectively. The breakdown details of today’s reissuance are as follows: 1. USD 250 million with 1-month tenor…