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

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Cumulative issued amount in USD
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Total short-term Sukūk issued
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Outstanding IILM USD Sukūk
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Secondary market volume in USD (since January 2019)
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Shari’ah tangibility ratio
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Liquid Assets over Total Liability
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Cumulative issued amount in USD
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Total short-term Sukūk issued
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Outstanding IILM USD Sukūk
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Secondary market volume in USD
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Shari’ah tangibility ratio
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Liquid Assets over Total Liability
  • 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