Strong investor participation underscores sustained global demand for IILM\u2019s highly rated Shar\u012b\u02bfah-compliant liquidity instruments.<\/p>\n
Kuala Lumpur, Malaysia \u2013 21 July 2026<\/strong><\/p>\n The International Islamic Liquidity Management Corporation (IILM), the leading issuer of high-quality Shar\u012b\u02bfah-compliant short-term liquidity instruments, has achieved a new milestone with its outstanding \u1e62uk\u016bk programme reaching a record USD 7.3 billion, following the successful issuance and reissuance of USD 1.21 billion in short-term \u1e62uk\u016bk.<\/p>\n The achievement comes just two weeks after IILM reached its previous record high, marking the programme\u2019s second consecutive all-time high and underscoring the sustained global demand for its short-term \u1e62uk\u016bk. The latest milestone further reinforces IILM\u2019s growing role in providing high-quality Shar\u012b\u02bfah-compliant liquidity management solutions to Islamic financial institutions worldwide.<\/p>\n Today\u2019s auction generated aggregate orders of approximately USD 2.538 billion, representing an oversubscription rate of 2.1 times. The strong outcome reflects the continued confidence of market participants in IILM’s highly rated, USD-denominated short-term \u1e62uk\u016bk and reinforces its role as a trusted Shar\u012b\u02bfah-compliant liquidity management instrument for Islamic financial institutions worldwide.<\/p>\n The issuance and reissuance comprised four tenors, namely two-week, one-month, three-month and six-month maturities, which were priced competitively as follows: The strong demand across all offered tenors demonstrates investors’ continued preference for high-quality, short-term Islamic instruments that offer liquidity, capital preservation and portfolio flexibility in a dynamic market environment. The auction also highlights the market’s confidence in IILM’s regular issuance programme and its ability to provide a consistent supply of highly rated Shar\u012b\u02bfah-compliant assets to support cross-border liquidity management.<\/p>\n Mohamad Safri Shahul Hamid<\/strong>, Chief Executive Officer of IILM, said: \u201cIILM has once again reached a significant milestone. Today\u2019s auction has propelled our outstanding \u1e62uk\u016bk programme to a new record of USD 7.3 billion, just two weeks after our previous high, reflecting the sustained strength of investor demand and continued confidence in IILM\u2019s regular issuance programme. \u201cWe remain committed to meeting the evolving liquidity management needs of Islamic financial institutions through regular issuances across multiple tenors. As demand for high-quality Shar\u012b\u02bfah-compliant liquidity solutions continues to grow, IILM will further strengthen the global Islamic financial infrastructure and contribute to the continued development of international Islamic capital markets,\u201d Safri added. Issued under IILM’s USD 8.5 billion Short-Term \u1e62uk\u016bk Issuance Programme, which are rated “A-1” by S&P Global Ratings and “F1” by Fitch Ratings, IILM’s instruments continue to serve as a key component of the global Islamic financial infrastructure, supporting liquidity management, market stability and greater financial integration across jurisdictions.<\/p>\n IILM’s short-term \u1e62uk\u016bk 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","protected":false},"excerpt":{"rendered":" Strong investor participation underscores sustained global demand for IILM\u2019s highly […]<\/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-5488","post","type-post","status-publish","format-standard","hentry","category-78","category-press-release"],"lang":"en","translations":{"en":5488},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5488","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=5488"}],"version-history":[{"count":1,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5488\/revisions"}],"predecessor-version":[{"id":5489,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/5488\/revisions\/5489"}],"wp:attachment":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media?parent=5488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/categories?post=5488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/tags?post=5488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ni. 3.86% for USD 189 million (2-week);
\nii. 3.90% for USD 361 million (1-month);
\niii. 4.00% for USD 377 million (3-month);
\niv. 4.10% for USD 283 million (6-month).<\/p>\n
\n\u201cThis achievement reaffirms the value investors place on IILM\u2019s highly rated, high-quality Shar\u012b\u02bfah-compliant liquidity instruments and our role in supporting effective liquidity management across the global Islamic financial industry.\u201d<\/p>\n
\nToday’s transaction marks IILM’s fourteenth \u1e62uk\u016bk auction in 2026, bringing the cumulative issuance volume for the year to approximately USD 17.087 billion across 66 \u1e62uk\u016bk series of varying maturities. This continued growth reflects the increasing utilisation of IILM instruments by Islamic financial institutions, central banks, sovereign wealth funds and other market participants seeking effective short-term liquidity management solutions.<\/p>\n