KUALA LUMPUR, The International Islamic Liquidity Management Corporation (IILM) has increased the size of its sukuk programme from US$6 billion to US$8.5 billion (US$1=RM4.22).
In a statement today, IILM said the expansion underscores its position as a key provider of short-term Islamic High-Quality Liquid Assets (HQLA), designed to support the cross-border liquidity needs of Islamic financial institutions globally.
Chief executive officer Mohamad Safri Shahul Hamid said the latest upsizing reflects IILM’s strong growth trajectory and ongoing commitment to strengthening the Islamic financial ecosystem.
“This expansion, which follows last year’s increase from US$4 billion to US$6 billion, highlights IILM’s momentum in advancing global Islamic liquidity management. By deepening and diversifying our asset base, we are better equipped to meet the evolving liquidity needs of Islamic financial institutions worldwide,” he said.
Since its first issuance in 2013, IILM has issued more than US$130 billion through over 300 short-term sukuk series, with tenors ranging from one month to 12 months. IILM’s instruments are currently rated “A-1” by S&P Global Ratings and “F1” by Fitch Ratings.
