Press Release

IILM Announces Abdoul Aziz Ba as New Acting CEO
12 January 2017
Kuala Lumpur, Malaysia – 12 January 2017. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that its Governing Board has appointed Abdoul Aziz Ba as its new Acting Chief Executive Officer (CEO), effective 1 January 2017.
The IILM Issues USD1.11 Billion Sukūk
11 January 2017
Kuala Lumpur, Malaysia – 11 January, 2017. The International Islamic Liquidity Management Corporation (IILM) today announced that it has successfully conducted an auction of USD1.11 billion short-term Sukūk.

The A-1 rated IILM Sukūk by Standard & Poor’s Rating Services were issued in two different series as follows:
i)A USD260 million 2-month tenor priced at a 1.21167% profit rate; and
ii)A USD850 million 3-month tenor priced at a 1.41483% profit rate.

Announcement on the Stepping Down of the Chief Executive Officer of the IILM
23 December 2016
Kuala Lumpur, Malaysia – 23 December, 2016. The International Islamic Liquidity Management Corporation's (IILM) Governing Board (GB) announces that the service of Professor Datuk Rifaat Ahmed Abdel Karim as the Chief Executive Officer (CEO) of the IILM will end effective 31 December 2016.

The IILM Reissues USD500 Million Sukūk
7 December 2016
Kuala Lumpur, Malaysia – 7 December, 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction in which it has reissued USD500 million Sukūk priced at a profit rate of 1.34806%

The IILM Reissues USD840 Million Sukūk
16 November 2016
Kuala Lumpur, Malaysia – 16 November 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction in which it has reissued USD840 million 3-month tenor Sukūk priced at a profit rate of 1.35122%

The IILM Reissues USD1.11 Billion Sukūk
12 October 2016
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 Reissues USD1.34 Billion Sukūk
17 August 2016
Kuala Lumpur, Malaysia – 17 August 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction of USD1.34 billion short-term Sukūk. The A1 rated IILM Sukūk by Standard & Poor's Rating Services were reissued in two different series as follow:

i)A USD840 million 3-month tenor priced at 1.24411% profit rate; and
ii)A USD500 million 4-month tenor priced at 1.37389% profit rate.
The IILM Issues USD1.11 Billion Sukūk
13 July 2016
Kuala Lumpur, Malaysia – 13 July, 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully issued USD1.11 billion 3-month tenor Sukūk priced at 1.14910% profit rate. The Sukūk issuance of USD1.11 billion was made of: (i). USD860 million reissuance; & (ii). USD250 million new issuance.
The IILM Reissues USD1.34 Billion Sukūk
18 May 2016
Kuala Lumpur, Malaysia – 18 May, 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully reissued USD1.34 Billion short-term Sukūk. The A-1 rated IILM 3-month tenor Sukūk by Standard & Poor’s Rating Services were priced at an all in profit rate of 1.04610%.
The IILM Reissues USD860 Million Sukūk
13 April 2016
Kuala Lumpur, Malaysia – 13 April, 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has today successfully conducted an auctioned in which it has reissued USD860 million 3-month tenor Sukūk priced at 1.02985% profit rate.
The IILM Issues USD1.34 Billion Sukūk
18 February 2016
Kuala Lumpur, Malaysia – 18 February, 2016. The International Islamic Liquidity Management Corporation (IILM) is proud to announce that it has successfully conducted an auction of USD1.34 billion Sukūk with 3 months tenor.
The IILM Reissues USD860 Million Sukūk
14 January 2016
Kuala Lumpur, Malaysia – 14 January, 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully reissued USD860 million 3-month tenor Sukūk priced at 1.07360% profit rate.
Memorandum of Understanding signed between ICD and IILM
7 December 2015
Istanbul, the Republic of Turkey 7 December 2015 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, signed a Memorandum of Understanding (MoU) with the International Islamic Liquidity Management Corporation (IILM). The purpose of the MoU is to establish and implement a framework for the cooperation between the two parties for contribution to economic development and financial inclusiveness in the Asian and African region, and in so doing to enhance the ability of both organisations to achieve their respective objectives and mandates.
The IILM Reissues USD490 Million Sukūk
19 November 2015
Kuala Lumpur, Malaysia –19 November, 2015. The International Islamic Liquidity Management Corporation (the IILM) is pleasedto announce that it has successfully reissued USD490 million 3-month tenor Sukūk priced at 0.76710% profit rate.
The IILM Reissues USD860 Million Sukūk
12 October 2015
Kuala Lumpur, Malaysia – 12 October, 2015. On the 5th year since its establishment in October 2010, the International Islamic Liquidity Management Corporation (the IILM) wishes to announce the successful reissuance of USD860 million 3-month tenor Sukūk priced at 0.63960% profit rate today.
MoU inked between the Arab Monetary Fund and the IILM
6 October 2015
Abu Dhabi, United Arab Emirates 5 October 2015 –The Arab Monetary Fund signed a Memorandum of Understanding (MoU) with the International Islamic Liquidity Management Corporation (the "IILM”) at the headquarters of the Arab Monetary Fund in Abu Dhabi. The MoU aims to establish and implement a framework for cooperation between the two institutions.
The IILM Reissues USD990 Million Sukūk
20 August 2015
Kuala Lumpur, Malaysia – 20 August, 2015. The International Islamic Liquidity Management Corporation (the IILM) is pleased to announce that it has successfully reissued USD990 million short-term Sukūk today. This is in line with its core strategy to issue Sukūk on a regular basis to facilitate liquidity management for institutions that offer Islamic financial services.
The IILM Reissues USD860 Million Sukūk
9 July 2015
Kuala Lumpur, Malaysia – 9 July, 2015. The International Islamic Liquidity Management Corporation (the IILM) is pleased to announce that it has successfully reissued USD860 million 3-month tenor Sukūk priced at 0.58325% profit rate.
The IILM Reissues USD490 Million Sukūk
22 May 2015
Kuala Lumpur, Malaysia – 22 May, 2015. The International Islamic Liquidity Management Corporation (the IILM) is pleased to announce that it has successfully reissued USD490 million 3-month tenor Sukūk priced at 0.58100% profit rate.
The IILM Reissues USD860 Million Sukūk
16 April 2015
Kuala Lumpur, Malaysia – 16 April, 2015. The International Islamic Liquidity Management Corporation (the IILM) is pleased to announce that it has successfully reissued USD860 million 3-month tenor Sukūk priced at 0.56555% profit rate.
The IILM Reissues USD990 million Sukūk
24 February 2015
Kuala Lumpur, Malaysia – 24 February 2015. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully reissued USD990 million benchmark size short-term Sukūk.
The Reissuance of USD860 million Sukūk
19 January 2015
Kuala Lumpur, Malaysia – 19 January 2015. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has today successfully reissued 3-month tenor USD860 million short-term Sukūk. The Sukūk, rated A-1 by Standard & Poor’s Rating Services, were priced with an average yield of 0.55260 %.
The IILM Issues USD590 million Sukūk
25 November 2014
Kuala Lumpur, Malaysia – 25 November 2014. The International Islamic Liquidity Management Corporation (IILM) is proud to announce that it has successfully conducted an auction for the amount of USD590 million Sukūk with 3 months tenor. The Sukūk issuance of USD590 million was made of:
The IILM Reissues USD860 million Sukūk
20 October 2014
Kuala Lumpur, Malaysia – 20 October 2014. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has today successfully conducted a reissuance of USD860 million short-term Sukūk. The 3- month tenor Sukūk were rated A-1 by Standard & Poor’s Rating Services and priced with an average yield of 0.51075%.
The IILM issues USD790 million Sukūk
25 August 2014
Kuala Lumpur, Malaysia – 25 August 2014. The International Islamic Liquidity Management Corporation (IILM) wishes to announce that today it has successfully conducted an auction for the amount of USD790 million Sukūk, which was issued in two different tenors.
The IILM Reissues USD860 million Sukūk
17 July 2014
Kuala Lumpur, Malaysia – 17 July 2014. The International Islamic Liquidity Management Corporation (IILM) is delighted to announce that it has today successfully reissued USD860 million short-term Sukūk. The 3-month tenor Sukūk rated A-1 by Standard & Poor’s Rating Services were priced with an average yield of 0.52310%. The USD860 million Sukūk were fully subscribed by the following primary dealers...
The IILM Reissues its USD490 million Sukūk
22 May 2014
Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM) wishes to announce that today, 22 May 2014, it has successfully reissued its USD490 million short-term Sukūk, rated A-1 by Standard & Poor’s Rating Services. The Sukūk, carrying a tenor of 3 months, were successfully priced with an average yield of 0.51810%. The reissuance of the USD490 million Sukūk was fully subscribed by the following IILM appointed primary dealers:
The IILM Reissues its USD860 million Sukūk
17 April 2014
Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM) wishes to announce that on 17 April 2014 it successfully reissued its USD860 million short-term Sukūk, rated A-1 by Standard & Poor’s Rating Services. The Sukūk, which have a tenor of 3 months, were successfully priced with an average yield of 0.52635%. The reissuance of the USD860 million Sukūk was fully subscribed by the following appointed IILM primary dealers:
The IILM Reissues its USD490 million Sukūk
25 February 2014
Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that on 25 February 2014 it successfully conducted an auction for the reissuance of its USD 490 million short-term Sukūk, rated A-1 by Standard & Poor’s Rating Services. The Sukūk, which have a tenor of 3 months, were reissued with an average yield of 0.55485%. The reissuance of the USD490 million Sukūk was fully subscribed by the following primary dealers:
The IILM issues USD860 million Sukūk
20 January 2014
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.
The IILM Reissues its USD490 million Sukūk
26 November 2013
Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that on 26 November 2013 it successfully conducted an auction for the reissuance of its USD 490 million short-term Sukūk, rated A-1 by Standard & Poor’s Rating Services.
The International Islamic Liquidity Management (IILM) Corporation Inaugural Sukūk Issuance of USD490 million
26 August 2013
Kuala Lumpur, Malaysia – Today, the IILM is pleased to announce that it has successfully conducted the auction of its inaugural USD denominated short-term Sukūk of USD490 million, rated A-1 by Standard & Poor’s Rating Services. The Sukūk have a tenor of 3 months and were priced at LIBOR + 30bps. The USD490 million Sukūk was fully subscribed and the following primary dealers have participated in the auction...
The IILM to issue its Inaugural US$490million Sukūk with A-1 Rating
1 August 2013
Kuala Lumpur, Malaysia – Today, the International Islamic Liquidity Management Corporation (the IILM) wishes to announce the inaugural issuance of its US Dollar-denominated short-term Sukūk in August 2013.
The IILM signs a Memorandum of Understanding with African Development Bank to promote global cross-border Shari’ah-compliant liquidity management
24 June 2013
Tunis 24 June 2013 - Today, the International Islamic Liquidity Management Corporation (The IILM) signed a Memorandum of Understanding ("MoU”) with the African Development Bank ("AfDB”) to strengthen cooperation between the two organisations. The MoU represents another milestone for the IILM following the first MoU, which it signed with the Asian Development Bank ("ADB”) on 6 April 2013 in Doha, Qatar.
The IILM Inks landmark MoU with a Multilateral Development Bank to promote global cross-border Shari’ah-compliant liquidity management
6 April 2013
Doha, Qatar - Today, the International Islamic Liquidity Management Corporation (The IILM) signed a Memorandum of Understanding (MoU) with the Asian Development Bank ("ADB") to strengthen cooperation between the two organisations.

The landmark MoU signing ceremony was held in Doha, State of Qatar and witnessed by the Central Banks and the Islamic Development Bank that are members of the Governing Board of the IILM. Professor Datuk Rifaat Ahmed Abdel Karim, Chief Executive Officer, signed on behalf of the IILM and Mr. Rajat Nag, Managing Director, signed on behalf of the ADB.
The IILM Announces its Inaugural Short-term Sukūk Programme
6 April 2013
Doha, Qatar - In a key move aimed at creating a robust global cross-border market for Islamic financial instruments and strengthening the liquidity management of Institutions that offer Islamic Financial Services (IIFS), the Governing Board of the International Islamic Liquidity Management Corporation (the IILM), announced today in its 10th meeting in Doha, Qatar the official launch of the IILM Sukūk Programme. The launch of the Programme is pursuant to the granting of an A-1 public rating by Standard & Poor’s Rating Services. The completion of this phase of the Programme paves the way for the issuance of the IILM inaugural Sukūk which is expected to take place in the second quarter 2013.
The IILM Announces Shareholding Changes
3 April 2013
Kuala Lumpur - The International Islamic Liquidity Management Corporation (the IILM) has announced a restructuring of its shareholding. The IILM has eleven shareholders consisting of central banks, monetary authorities and one multilateral institution. With the restructuring, the number of shareholders becomes ten. The total paid-up capital however remains unchanged.

The Central Banks of Malaysia and Qatar, who are all members of the Governing Board of the IILM, have each purchased additional shares in the IILM, which became available for purchase when the Saudi Arabian Monetary Agency relinquished its shareholding in the IILM.
 
2 April 2013
Kuala Lumpur, Tuesday 2nd April 2013 - The International Islamic Liquidity Management Corporation (the IILM) notes that there has been speculation and comment in certain media regarding the IILM. The IILM has no comment to make at this point in time and will make official announcements in due course and when it is appropriate via its Governing Board.
 
19 Oct 2012
The International Islamic Liquidity Management Corporation (IILM) Governing Board wishes to announce the appointment of Dr. Rifaat Ahmed Abdel Karim as Chief Executive Officer of the IILM effective today, 19 October 2012.