IILM Concludes 2025 With US$1.365 Bln Short-term Ṣukuk Reissuance

KUALA LUMPUR, Dec 5 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has reissued a total of US$1.365 billion short-term sukuk across four tenors, in its final auction for 2025.

In a statement, the world’s leading issuer of shariah-compliant short-term liquidity management instruments, said the issuances were priced at 4.00 per cent for US$330 million (one-month tenor), 4.04 per cent for US$660 million (three-month tenor), 3.90 per cent for US$325 million (six-month tenor), and 3.85 per cent for US$50 million (nine-month tenor).

This transaction marks the IILM’s 21st sukuk auction year-to-date, bringing total issuances in 2025 to US$22.9 billion across 69 series of varying tenors, the highest annual cumulative issuance in the organisation’s history.

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This latest issuance is conducted under the IILM’s US$8.5 billion short-term sukuk issuance programme, which carries ratings of “A-1” from S&P Global Ratings and “F1” from Fitch Ratings.

Chief executive officer Mohamad Safri Shahul Hamid said IILM has recorded its highest annual issuance volume at US$22.9 billion, a 76 per cent increase year-on-year, conducted the most auctions in a single calendar year, and maintained consistently strong bid-to-cover ratios across all tenors.

“These results reflect both the depth of liquidity within the Islamic financial system and the strengthening role of the IILM as a reliable provider of short-term shariah-compliant instruments,” he said.

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Mohamad Safri highlighted that the IILM’s outstanding short-term sukuk portfolio also reached a record high of US$6.4 billion, which is an 82 per cent increase from just 18 months ago.

In addition to the surge in issuance activity, IILM upsized its sukuk programme to US$8.5 billion.

IILM’s short-term sukuk is distributed by a diversified and growing network of primary dealers globally, such as Abu Dhabi Islamic Bank, Al Baraka Turk, Affin Islamic Bank, AlRayan Bank, Boubyan Bank, CIMB Islamic Bank Bhd and Dukhan Bank.

-- BERNAMA