Strong investor demand supports USD 1.192 billion issuance and reissuance, reinforcing IILM’s role in global Islamic liquidity management

Kuala Lumpur, Malaysia – 4 August 2026

The International Islamic Liquidity Management Corporation (IILM), the world’s most prolific issuer of high-quality Sharīʿah-compliant short-term liquidity instruments, has achieved a new record outstanding Ṣukūk portfolio of USD 7.4 billion following the successful issuance and reissuance of USD 1.192 billion of short-term Sukūk today.

This marks the third consecutive increase in IILM’s outstanding Ṣukūk portfolio over the past three auctions, a clear signal of sustained global demand for its highly rated instruments. The milestone further cements lILM’s standing as one of the world’s largest and most active Sukūk issuers, while reinforcing its pivotal role in supporting cross-border Islamic liquidity management.

The issuance and reissuance comprised five tenors, namely two-week, one-month, three-month, six-month, and 12-month maturities, which were priced competitively as follows:
i. 3.85% for USD 250 million (2-week);
ii. 3.90% for USD 330 million (1-month);
iii. 4.00% for USD 537 million (3-month);
iv. 4.04% for USD 61 million (6-month); and,
v. 4.06% for USD 14 million (12-month).

Today’s auction generated aggregate orders of approximately USD 2.61 billion, representing an oversubscription rate of 2.19 times. The strong outcome reflects the continued confidence in IILM’s highly rated short-term Islamic instruments and its role in supporting cross-border liquidity management.

Chief Executive Officer of the IILM, Mohamad Safri Shahul Hamid, said: “The continued strength of investor demand for IILM Ṣukūk reflects the growing importance of high-quality Sharīʿah-compliant liquidity instruments in today’s market environment. Despite ongoing uncertainties across global financial markets and volatile geopolitical developments, investors continue to value the credit quality, regular supply, and liquidity benefits offered by IILM’s short-term Sukūk.”

“This auction once again demonstrates the resilience of demand for our instruments across jurisdictions and investor segments. As the only regular issuer of highly rated short-term USD-denominated Islamic liquidity instruments, the IILM remains committed to supporting the liquidity management needs of Islamic financial institutions worldwide while contributing to the overall development and stability of the Islamic financial services industry.”

Today’s transaction marks the IILM’s fifteenth Ṣukūk auction of 2026, bringing total issuances for the year to USD 18.279 billion across 71 Ṣukūk series of varying maturities. All issuances were conducted under the IILM’s USD 8.5 billion Short-Term Ṣukūk Issuance Programme, rated “A-1” by S&P Global Ratings and “F1” by Fitch Ratings.

The IILM’s short-term Ṣukūk is distributed by a diversified and growing network of 16 primary dealers globally, namely Abu Dhabi Islamic Bank, Al Baraka Turk, Affin Islamic Bank, AlRayan Bank, Boubyan Bank, CIMB Islamic Bank Berhad, Dukhan Bank, First Abu Dhabi Bank, Golden Global Investment Bank, Jaiz Bank, Kuwait Finance House, Kuwait International Bank, Maybank Islamic Berhad, Meethaq Islamic Banking from Bank Muscat, Qatar Islamic Bank, and Standard Chartered Bank.

IILM remains committed to providing regular issuances of high-quality short-term Ṣukūk across multiple tenors to support the liquidity management requirements of Islamic financial institutions globally. Consistent with its published issuance calendar, IILM will continue to conduct its scheduled auctions and reissuances to meet growing market demand for Sharīʿah-compliant liquidity management solutions.