Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM), a leading global issuer of Sharia-compliant short-term liquidity instruments, announced the successful completion of a record-breaking reissue of short-term Sukuk with a total value of US$1.475 billion, marking the largest single auction since the corporation’s inception, in addition to launching its first six-dated issuance in a single auction .

This dual achievement represents a significant step forward in the development of the short-term Islamic liquidity market. The reissue included maturities of two weeks, one month, two months, three months, six months, and nine months, providing a wider range of maturities that enhances the flexibility and accuracy of liquidity management for Islamic financial institutions .

The five series were priced competitively as follows:

1. 3.80% worth US$280 million (two-week term);
2. 3.80% worth US$365 million (one month term)
3. 3.90% with a value of US$210 million (two-month term);
4. 3.95% worth US$315 million (three-month term);
5. 3.98% worth US$240 million (six-month term);
6. 3.98% worth US$65 million (nine-month term).

Despite escalating global geopolitical tensions and shifting international monetary policy expectations, the auction attracted strong global demand, with subscriptions reaching US$3.05 billion, reflecting a robust oversubscription rate of 2.07 times. This underscores the continued appeal of the Authority’s short-term, US dollar-denominated sukuk, which boast high credit ratings, as a flexible and reliable liquidity management tool during times of uncertainty.

Mr. Mohammed Safri Shahul Hameed, CEO of the Authority, said: “Today’s auction marks a significant milestone for the Authority on two key levels. We are achieving our largest issuance size since the first auction launched in August 2013, and we are also witnessing the launch of a six-maturity structure for the first time. These achievements collectively contribute to deepening the market’s capacity, expanding flexibility across different maturities, and enhancing the overall efficiency of the short-term Islamic liquidity market. These pivotal milestones also help strengthen the price discovery mechanism, support more efficient liquidity management, and solidify the Authority’s role as a central provider of high-quality, Sharia-compliant short-term instruments.”

He added :

“The strong demand we have seen – even amid rising geopolitical tensions and market volatility – reflects the market’s continued confidence in the Authority’s creditworthiness and in the value its instruments offer as highly liquid, short-term, Sharia-compliant assets.”

He continued, saying :

“With investors increasingly focused on maintaining liquidity and enhancing balance sheet resilience in a data-driven rate environment, offering multiple maturities within a single, high-quality program is an attractive and effective solution. The continued high subscription levels further underscore the fundamental role of the Authority’s sukuk as a key liquidity management tool for Islamic financial institutions worldwide.”

The strong demand for this landmark issuance reaffirms the Authority’s pivotal role in providing regular and sustainable access to high-quality, Sharia-compliant, short-term US dollar assets across a diversified maturity structure. Amid continued uncertainty in the global financial landscape, the Authority reiterates its commitment to developing and enhancing its products to support the evolving liquidity, asset, and liability management needs of the Islamic finance industry .

This issuance represents the Authority's ninth sukuk auction since the beginning of this year, bringing the total issuances for 2026 to US$10.795 billion across 43 sukuk tranches with varying maturities. All issuances were executed under the Authority's US$8.5 billion short-term sukuk issuance program, which is rated A - 1 by S&P Global Ratings and F1 by Fitch Ratings .

The Authority’s short-term sukuk are distributed through a diverse network of primary agents worldwide, namely Abu Dhabi Islamic Bank, Al Baraka Turk, Aveen Islamic Bank, Masraf Al Rayan, Boubyan Bank, CIMB Islamic Bank Berhad, Dukhan Bank, First Abu Dhabi Bank, Golden Global Investment Bank, Jaiz Bank, Kuwait Finance House, Kuwait International Bank, Maybank Islamic Berhad, Meethaq Islamic Banking from Bank Muscat, Qatar Islamic Bank, and Standard Chartered Bank.

The Authority is a regular issuer of short-term sukuk with varying maturities and amounts to meet the liquidity needs of institutions providing Islamic financial services. The Authority will continue to reissue short-term liquidity instruments monthly according to its issuance schedule .

About the International Islamic Liquidity Management Corporation

The International Islamic Liquidity Management Corporation (IILM) is a global institution established on October 25, 2010 by central banks, monetary authorities, and multilateral financial institutions, to develop and issue short-term Sharia-compliant financial instruments to facilitate the efficient management of cross-border liquidity for institutions providing Islamic financial services.

The current members of the board of directors of the International Islamic Liquidity Management Corporation are the central banks and monetary institutions of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Turkey, and the United Arab Emirates, in addition to the Islamic Multilateral Corporation for the Development of the Private Sector.

Membership in the International Islamic Liquidity Management Corporation is open to central banks, monetary authorities, financial supervisory bodies, government ministries or financial institutions entrusted with systemic financial oversight, and multilateral financial institutions.

Malaysia hosts the International Islamic Liquidity Management Corporation, headquartered in Kuala Lumpur.

Media inquiries:

The International Islamic Liquidity Management Authority (IIMA)

Email: corpcomm@iilm.com ; info@iilm.com

Website: http://www.iilm.com

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