The IILM achieves key milestone with successful issuance of inaugural 12-month “A-1” rated cross-border USD Sukuk

This auction is indeed a landmark for us, as it marks the IILM’s inaugural issuance of a 12-month tenor Ṣukūk and we are glad that it was well received by the market, with the demand for the tranche reaching 1.85 times the issuance size (of USD 250 million) Kuala Lumpur, Malaysia – 04 July 2022….

The IILM issues a total of USD 1 billion Sukūk

  The overall demand was strong with a total order book of USD 2.15 billion and a weighted average bid-to-cover ratio for the three Sukūk series of 215%.   Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) conducted the second auction of the year by issuing a total amount of USD 1…

The IILM signs a Memorandum of Understanding with African Development Bank to promote global cross-border Shari’ah-compliant liquidity management

Tunis 24 June 2013 – Today, the International Islamic Liquidity Management Corporation (The IILM) signed a Memorandum of Understanding (“MoU”) with the African Development Bank (“AfDB”) to strengthen cooperation between the two organisations. The MoU represents another milestone for the IILM following the first MoU, which it signed with the Asian Development Bank (“ADB”) on…

Islamic finance in Malaysia and infrastructural issues

In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the industry has fared specifically on a number of areas that were discussed. In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on,...