Latest auction draws broad-based investor demand across six tenors, underscoring sustained confidence in IILM’s Sharīʿah-compliant instruments

Kuala Lumpur, Malaysia – 1 September 2026

The International Islamic Liquidity Management Corporation (IILM) today announced the successful reissuance of USD 1.353 billion in short-term Ṣukūk, drawing strong and diversified demand from investors across its network of Islamic financial institutions.

This reissuance spanned six tenors — two-week, one-month, three-month, six-month, nine-month and twelve-month — priced as follows:
i. 4.00% for USD 379 million (2-week);
ii. 4.10% for USD 268 million (1-month);
iii. 4.20% for USD 372 million (3-month);
iv. 4.15% for USD 127 million (6-month);
v. 4.65% for USD 94 million (9-month); and,
vi. 4.40% for USD 113 million (12-month).

Total orders received across the auction reached approximately USD 3.284 billion, an oversubscription rate of 2.43 times the amount on offer. The strength of demand points to enduring market confidence in IILM’s highly rated short-term instruments, and in the wider role IILM plays in facilitating cross-border liquidity for the Islamic finance industry.

Today’s transaction marks the IILM’s seventeenth Ṣukūk auction of 2026, bringing total issuances for the year to USD 20.851 billion across 82 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 17 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, Standard Chartered Bank, and Bank Nizwa.

IILM remains committed to providing regular issuances of high-quality short-term Ṣukūk across multiple tenors, ranging from 2 weeks to 12 months, 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.