Robust demand underscores flight to quality as market navigate conflict-driven volatility and prolonged rate uncertainty<\/p>\n
The International Islamic Liquidity Management Corporation (IILM), a leading global issuer of Shari\u2019ah-compliant short-term liquidity instruments, has successfully completed the reissuance of USD 925 million short-term \u1e62uk\u016bk across five tenors: two-week, one-, three-, six-, and twelve-month.<\/p>\n
The five series were competitively priced as follows:
\ni. 3.80% for USD 220 million (2-week);
\nii. 3.85% for USD 255 million (1-month);
\niii. 3.88% for USD 350 million (3-month);
\niv. 3.83% for USD 70 million (6-month); and,
\nv. 3.78% for USD 30 million (12-month).<\/p>\n
The auction attracted a strong participation from the IILM\u2019s Primary Dealers and a broad base of institutional investors across multiple jurisdictions. Total bids reached USD 2.25 billion, translating into a robust average bid-to-cover ratio of 2.43 times, underscoring sustained confidence in the IILM\u2019s high-quality, short-dated Islamic instruments despite challenging global market conditions.<\/p>\n
Mohamad Safri Shahul Hamid, Chief Executive Officer<\/strong> of the IILM, said: \u201cIn the face of escalating geopolitical tensions and persistent market uncertainty, today\u2019s strong demand reflects a clear flight to quality. Investors are increasingly seeking high-quality, short-duration instruments that offer both resilience and liquidity. With inflation risks re-emerging and expectations for near-term rate cuts being repriced, the market environment remains challenging. IILM\u2019s consistent access and strong demand signal the continued relevance of its instruments as a core liquidity management tool in times of stress.\u201d<\/p>\n Today\u2019s transaction marks IILM\u2019s sixth \u1e62uk\u016bk auction year-to-date, bringing total issuances in 2026 to USD 6.7 billion across 27 \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":" Robust demand underscores flight to quality as market navigate conflict-driven […]<\/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-5402","post","type-post","status-publish","format-standard","hentry","category-78","category-press-release"],"lang":"en","translations":{"en":5402},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5402","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=5402"}],"version-history":[{"count":1,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5402\/revisions"}],"predecessor-version":[{"id":5403,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5402\/revisions\/5403"}],"wp:attachment":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media?parent=5402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/categories?post=5402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/tags?post=5402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}