Kuala Lumpur, Malaysia – 7 October 2025. The International Islamic Liquidity Management Corporation (IILM), an international organization that develops and issues short-term Shari’ah-compliant financial instruments, has successfully completed the reissuance of an aggregate USD 1.02 billion short-term Ṣukūk across three different tenors of one, three, and six-month respectively.
The three series were priced competitively at:
i) 4.22% for USD 580 million for 1-month tenor;
ii) 4.12% for USD 340 million for 3-month tenor; and,
iii) 3.95% for USD 100 million for 6-month tenor.
The transaction marks the IILM’s seventeenth Ṣukūk auction year-to-date (YTD), bringing total issuances to USD 17.63 billion across 52 Ṣukūk series of varying tenors.
The auction attracted robust demand from the IILM’s network of Primary Dealers and a diversified base of global investors, generating total bids of USD 2.3 billion and achieving a strong average bid-to-cover (BTC) ratio of 2.3 times, underscoring the continued role ofthe IILM Ṣukūk as a high-quality liquidity management instrument.
Mohamad Safri Shahul Hamid, Chief Executive Officer of the IILM, said:
As we enter the final quarter of the year, we are pleased that the IILM’s total year-to-date issuances of USD 17.63 billion have far surpassed the full-year total of 2024 (USD 13.01 billion). The strong performance reflects the continued confidence of our investors in our issuance programme, as well as our ability to respond effectively to liquidity management needs of Islamic financial institutions worldwide. Despite the evolving market dynamics and anticipation of a possible rate cut by the US Federal Reserve later this month, investor appetite for the IILM’s US dollar-denominated Ṣukūk remains robust, reaffirming their appeal as hiqh-quality liquid assets within the global Islamic finance ecosystem.”
The issuance forms part of the IILM’s “A-1” (S&P) and “F1” (Fitch Ratings) rated USD 6 billion short-term Ṣukūk issuance programme.
The IILM’s short-term Sukῡk 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. The IILM is a regular issuer of short-term Ṣukūk 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.
About the IILM
The International Islamic Liquidity Management Corporation (IILM) is an international organisation established on 25 October 2010 by central banks, monetary authorities and multilateral organisations to develop and issue short-term Shari’ah-compliant financial instruments to facilitate effective cross-border liquidity management for institutions that offer Islamic financial services (IIFS).
The current members of the IILM Governing Board are the central banks and monetary agencies of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates, as well as the multilateral Islamic Corporation for the Development of the Private Sector.
Membership of the IILM is open to central banks, monetary authorities, financial regulatory authorities or government ministries or agencies that have regulatory oversight of finance or trade and commerce, and multilateral organisations.
The IILM is hosted by Malaysia and headquartered in Kuala Lumpur.
Media Enquiries:
The International Islamic Liquidity Management Corporation (IILM)
T: +60(3) 2170 5000
F: +60(3) 2170 5111
E: corpcomm@iilm.com; info@iilm.com
Website: http://www.iilm.com
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1 commentaire
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oct. 23, 2025rmwesNBrNGNjxRxpme