IILM’s Short-term Sukuk Portfolio Hits New Record High Of US$6.2 Bln

KUALA LUMPUR, Nov 4 (Bernama) -- The International Islamic Liquidity Management Corporation’s (IILM) outstanding short-term Sukuk portfolio has reached a new record level of US$6.2 billion (US$1=RM4.20).

In a statement today, the world’s leading issuer of Shariah-compliant short-term liquidity management instruments said that this follows the successful issuance and reissuance of an aggregate US$1.43 billion short-term Sukuk across tenors of one, three, six, and twelve months, making the largest auction conducted by the IILM  year-to-date.

The four series were competitively priced at 4.15 per cent for US$590 million (one-month tenor); 4.08 per cent for US$490 million (three-month tenor); 4.25 per cent for US$280 million (six-month tenor); and 4.10 per cent for US$75 million (12-month tenor).

The transaction marks the IILM’s nineteenth Sukuk auction year-to-date, bringing its total issuances in 2025 to US$20.2 billion across 60 series of varying tenors.

The latest issuance is conducted under the IILM’s US$8.5 billion short-term Sukuk Issuance Programme, which carries the highest short-term credit ratings of “A-1” from S&P Global Ratings and “F1” from Fitch Ratings.

IILM chief executive officer Mohamad Safri Shahul Hamid said the transaction represents a key milestone for the IILM, not only as its largest single monthly issuance year-to-date, but also as a clear demonstration of the sustained confidence of investors in IILM’s platform.

“Amid a dynamic global rate environment, we continue to deepen and diversify our short-term Sukuk offerings, marked by the successful onboarding of a new US$150 million short-term asset.

“This milestone brings our total asset base to an all-time high of US$6.2 billion, underscoring the strong momentum in enhancing market liquidity, widening investor participation and reinforcing the resilience of the Islamic finance ecosystem,” he said. 

-- BERNAMA