The IILM Sukuk features
The IILM Sukuk features
The IILM’s Issuance Programme supports the global Islamic finance industry by offering financial institutions access to Shari’ah-compliant liquidity management solutions across varying tenors that are backed by sovereign, supranational, and governmental assets, ensuring robust security and market confidence. The programme aims to facilitate efficient liquidity management, promote financial stability, and foster the growth of the Islamic financial market.
01
It is the first Shari’ah-compliant, short-term, highly rated, tradable, US Dollar-denominated instrument in the market
02
It is the first money market instrument backed by sovereign assets in the form of Sukūk
03
It has the first multi-jurisdictional primary dealer network that facilitates distribution to investors worldwide
- “A-1” short-term credit rating
- Since Inception 2013
- “F1” short-term credit rating
- Since September 2022
- “A-1” short-term credit rating
- Since Inception 2013
- “F1” short-term credit rating
- Since September 2022
THE IILM ISSUANCE TRACK RECORD TO DATE
THE IILM ISSUANCE TRACK RECORD TO DATE
The Features of the IILM Sukūk
GLOBAL
The IILM Sukūk are distributed and tradable globally via a multi-jurisdictional primary dealer network
MONEY-MARKET
The IILM Sukūk are money-market instruments backed by sovereign, sovereign-linked and supranational assets
TRADABLE
The IILM Sukūk are tradable Shari’ah-compliant US Dollar-denominated short-term financial instruments issued at maturities of up to 364 days
COLLABORATION
The IILM Sukūk represent a unique collaboration between several central banks and a multilateral development organisation with the aim of enhancing the financial stability and the efficient functioning of Islamic financial markets