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IILM Reissues USD1.11 billion Sukūk

IM Press Release
By IM Press Release
8 years ago
IILM Reissues USD1.11 billion Sukūk

Ard, Islam, Mal


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  1. 12 October 2016 The IILM Reissues USD1 .11 billion Sukūk Kuala Lumpur, Malaysia – 12 October 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction of USD1.11 billion 3-month tenor Sukūk priced at 1.35389% profit rate. The IILM Sukūk is rated A-1 by Standard & Poor’s Rating Services and this 29th series brings the total cumulative amount of the IILM Sukūk that were issued and reissued to USD21.14 billion. The following 11 primary dealers (in alphabetical order) have participated in the USD1.11 billion Sukūk offering: 1. Abu Dhabi Islamic Bank; 2. Al Baraka Turk; 3. Barwa Bank; 4. Boubyan Bank; 5. CIMB Islamic Bank Berhad; 6. Kuwait Finance House; 7. Maybank Islamic Berhad; 8. National Bank of Abu Dhabi; 9. Qatar Islamic Bank; 10. Qatar National Bank; and 11. Standard Chartered Bank. -end-
  2. About The International Islamic Liquidity Management Corporation 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). By issuing more liquid Shari´ah-compliant financial instruments for IIFS, the IILM attempts to enhance cross-border liquidity flows, international linkages and financial stability. The current members of the IILM Governing Board are the central banks and monetary agencies of Indonesia, Kuwait, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Turkey, the United Arab Emirates, and the Islamic Development Bank Group. 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: info@iilm.com Website: http://www.iilm.com