IILM's Year-to-Date Cumulative Short-term Sukuk Issuances Reach USD 7.23 Billion Across Nineteen Series
June 13, 2022 | Updated at June 13, 2022
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Email The International Islamic Liquidity Management Corporation (IILM) has issued USD 7.23 billion worth of short-term Sukuk through nineteen series of offerings year-to-date, as the market continues to see an increase in demand for Shariah-compliant financial instruments.
Why it Matters?
The IILM is a frequent issuer of short-term Sukuk in a variety of tenors and amounts to meet the liquidity needs of Islamic financial services institutions. The organisation’s short-term Sukuk issuances averaged more than USD 1 billion each month, with regular offers typically having tenors ranging from one to six months. The IILM is scheduled to continue to reissue its short-term liquidity instruments monthly, according to its calendar.
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