Sukuk Fifth Monthly Gain Spurs Sales Recovery Forecasts: Islamic Finance

Islamic bonds gained for a fifth month, sending yields to the lowest levels since 2005, as faster growth in the Persian Gulf lured investors who expect new sales to recover after falling 27 percent this year. Sukuk Fifth Monthly Gain

The IILM concludes reissuance of USD 1.2 billion short-term Ṣukūk

The competitive tender witnessed a strong orderbook in excess of USD 2.07 billion, representing an average oversubscription rate of 1.73 times. The International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total of USD 1.2 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively. The three series were…

Mauritius signs the memorandum of participation for the establishment of the international islamic liquidity management corporation

The Bank of Mauritius (BoM) has, on 7 October 2010, signed the Memorandum of Participation for the establishment of the International Islamic Liquidity Management Corporation. Mauritius signs the memorandum of participation

The IILM issues USD1.11 billion of short-term Ṣukūk

Today’s Ṣukūk reissuance resulted in strong demand from Islamic Primary Dealers and investors especially from GCC, with a strong orderbook in excess of USD 1.63 billion representing an average oversubscription rate of 1.48 times. Kuala Lumpur, Malaysia – 4 May 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully…