The International Islamic Liquidity Management Corporation (IILM) has conducted an auction for a 3-month  550 million dollar Sukuk priced at a 1.67% profit rate today, increasing its Sukuk issuance to  3 billion from 2.45 billion dollar." /> The International Islamic Liquidity Management Corporation (IILM) has conducted an auction for a 3-month  550 million dollar Sukuk priced at a 1.67% profit rate today, increasing its Sukuk issuance to  3 billion from 2.45 billion dollar." >
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International Islamic Liquidity Management Corporation Increases Sukuk Issuance to $3bln

Acting Chief Executive Officer of the IILM, Abdoul Aziz Ba said: “We have been carefully monitoring the dynamics of the market and listening to our investors. The IILM Sukuk have been consistently well received by institutions offering Islamic financial services (IIFS), with comfortable subscriptions charting an average of circa 250 percent for every issuance. The IILM has indeed shown progressive growth in its Sukuk issuance in the last four years to face the increasing demand of its Sukuk from IIFS.
The IILM Sukuk is distributed by a diversified network of primary dealers namely Abu Dhabi Islamic Bank, Al Baraka Turk, Barwa Bank, Boubyan Bank, CIMB Islamic Bank Berhad, First Abu Dhabi Bank, Kuwait Finance House, Maybank Islamic Berhad, Qatar Islamic Bank, and Standard Chartered Bank.

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