Investor Confidence Remains Strong as IILM\u2019s Latest Auction Draws 2.51 times Oversubscription<\/p>\n
The International Islamic Liquidity Management Corporation (IILM)<\/strong>, the world\u2019s leading issuer of Shari\u2019ah-compliant short-term liquidity management instruments, has successfully completed the reissuance of USD 1.210 billion short-term \u1e62uk\u016bk across five different tenors: two-week, one-, three-, six-, and twelve-months.<\/p>\n The five series were competitively priced as follows: The transaction marks the IILM\u2019s fourth \u1e62uk\u016bk auction year-to-date, bringing total issuances in 2026 to USD 4.48 billion across 17 \u1e62uk\u016bk series of varying maturities. All issuances were conducted under the IILM\u2019s USD 8.5 billion short-term \u1e62uk\u016bk Issuance Programme, rated \u201cA-1\u201d by S&P Global Ratings and \u201cF1\u201d by Fitch Ratings.<\/p>\n The IILM\u2019s short-term Suk\u1fe1k 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.<\/p>\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>\n","protected":false},"excerpt":{"rendered":" Investor Confidence Remains Strong as IILM\u2019s Latest Auction Draws 2.51 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78,10],"tags":[],"class_list":["post-5370","post","type-post","status-publish","format-standard","hentry","category-78","category-press-release"],"lang":"en","translations":{"en":5370},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5370","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=5370"}],"version-history":[{"count":2,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5370\/revisions"}],"predecessor-version":[{"id":5372,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5370\/revisions\/5372"}],"wp:attachment":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media?parent=5370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/categories?post=5370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/tags?post=5370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ni. 3.85% for USD 180 million (2-week);
\nii. 3.90% for USD 355 million (1-month);
\niii. 3.95% for USD 540 million (3-month);
\niv. 3.85% for USD 85 million (6-month); and,
\nv. 3.85% for USD 50 million (12-month).
\nDemand was strong and broad-based, with robust participation from the IILM\u2019s network of Primary Dealers alongside a diverse range of institutional investors across multiple jurisdictions. Total bids reached USD 3.04 billion, translating into an average bid-to-cover ratio of 2.51 times, reflecting continued investor confidence in the IILM\u2019s hiqh-quality short-dated Islamic instruments amid evolving global market conditions.<\/p>\n