IILM Onboards New Asset Worth $510 Million, Total Assets Hit $5.2 Billion

The International Islamic Liquidity Management Corporation (IILM), based in Kuala Lumpur, Malaysia, has successfully completed a new issuance of short-term Shariah-compliant financial instruments, raising $900 million across tenors of one, three, and six months. The reissuance and issuance pricing was competitive, with yields of 4.25% for 1-month, 4.52% for 3-month, and 4.60% for 6-month tenors. This follows the onboarding of a new highly-rated asset worth $510 million, bringing IILM's total outstanding sukuk to an all-time high of $5.2 billion. The auction drew considerable interest from primary dealers and investors worldwide, holding a total order book of $2.41 billion. IILM's continued success in sukuk issuance reaffirms its role as a leading entity in global Islamic liquidity management. The corporation's activities support the evolving liquidity needs of Islamic financial services institutions. IILM is governed by central banks and monetary agencies from several countries and aims to provide robust and trusted Shariah-compliant liquidity solutions.