The International Islamic Liquidity Management Corporation (IILM)<\/strong>, an international organisation that develops and issues short-term Shari\u2019ah-compliant financial instruments, has successfully completed the reissuance of an aggregate USD 800 million short-term \u1e62uk\u016bk across three different tenors of two-week, three-month, and six-month respectively.<\/p>\r\n The three series were priced competitively at: Today\u2019s successful completion of the short-term \u1e62uk\u016bk transaction marks the IILM\u2019s thirteenth auction year-to-date with a cumulative issuance of USD 13.15 billion, across 39 \u1e62uk\u016bk series of varying tenors. Mohamad Safri Shahul Hamid<\/strong>, Chief Executive Officer of the IILM, commented: \u201cToday\u2019s auction outcome underscores the continued strength of investor demand for high-quality Islamic liquidity instruments, despite ongoing uncertainty surrounding the US Federal Reserve\u2019s rate trajectory and broader shifts in global monetary policy. Market participants remain cautious as central banks weigh persistent inflationary pressures against signs of moderating economic growth.<\/p>\r\n \u201cThe IILM\u2019s consistent ability to attract strong participation across all tenors reflects the market\u2019s confidence in our \u1e62uk\u016bk programme as a dependable tool for short-term liquidity management. As global financial conditions remain uneven, the role of stable and Shari\u2019ah-compliant instruments such as ours will become increasingly vital.\u201d<\/p>\r\n The issuance forms part of the IILM\u2019s \u201cA-1\u201d (S&P) and \u201cF1\u201d (Fitch Ratings) rated USD 6 billion short-term \u1e62uk\u016bk issuance programme.<\/p>\r\n The IILM\u2019s short-term Suk\u1fe1k is distributed by a diversified and growing network of 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, Kuwait Finance House, Kuwait International Bank, Maybank Islamic Berhad, Meethaq Islamic Banking from Bank Muscat, Qatar Islamic Bank, and Standard Chartered Bank.<\/p>\r\n The IILM is a regular issuer of short-term \u1e62uk\u016bk across varying tenors and amounts to cater to the liquidity needs of institutions offering Islamic financial services. The IILM will continue to reissue its short-term liquidity instruments monthly as scheduled in its issuance calendar.<\/p>\r\n","protected":false},"excerpt":{"rendered":" Kuala Lumpur, Malaysia \u2013 22 July 2025 The International Islamic […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,10],"tags":[],"class_list":["post-4839","post","type-post","status-publish","format-standard","hentry","category-55","category-press-release"],"lang":"en","translations":{"en":4839},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/4839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/comments?post=4839"}],"version-history":[{"count":1,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/4839\/revisions"}],"predecessor-version":[{"id":4840,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/4839\/revisions\/4840"}],"wp:attachment":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media?parent=4839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/categories?post=4839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/tags?post=4839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
i) 4.40% for USD 305 million for 2-week tenor;
ii) 4.49% for USD 355 million for 3-month tenor; and,
iii) 4.38% for USD 140 million for 6-month tenor<\/p>\r\n
The auction attracted robust participation from the IILM\u2019s network of Primary Dealers and global investors, generating total bids of USD 1.9 billion and achieving a strong average bid-to-cover ratio of 2.3 times.<\/p>\r\n