By 20 January 2014
The IILM issues USD860 million Sukūk Kuala Lumpur, Malaysia - The International Islamic Liquidity Management Corporation (IILM) has today successfully conducted an auction of USD860 million 3 months A-1 rated Sukūk at a yield of 0.55635. The new issuance is part of the IILM Programme rated A-1 by Standard and Poor's Rating Services. This issuance brings the total amount of the IILM's outstanding Sukūk to USD 1.350 billion. The auction was fully subscribed by the following Primary Dealers.1. Abu Dhabi Islamic Bank;
2. Al Baraka Turk;
3. CIMB Islamic Bank Berhad;
4. KBL Private Bankers;
5. Kuwait Finance House;
6. Maybank Islamic Berhad;
7. National Bank of Abu Dhabi;
8. Qatar National Bank; and
9. Standard Chartered Bank.
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1 | P a g e About the International Islamic Liquidity Management Corporation
The International Islamic Liquidity Management Corporation (The IILM) is an international institution 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. As an international institution, the IILM enjoys a range of privileges and immunities detailed in the International Islamic Liquidity Management Corporation Act 2011, which was promulgated by the Parliament of Malaysia.
Media Enquiries
T: +60(3) 2170 5000
F: +60(3) 2170 5111
E : info@iilm.com
Website: http://www.iilm.com
Intan Shafinaz Mohd Shariff
Vice President Board Secretarial Email: imshariff@iilm.com
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