KUALA LUMPUR: The International Islamic Liquidity Management Corporation (IILM) has reached a new milestone, with its outstanding short-term sukuk portfolio rising to a record US$7.2 billion following a US$1.28 billion issuance and reissuance exercise (US$1 = RM4.07).
As the world’s leading issuer of Shariah-compliant short-term liquidity instruments, IILM conducted the latest issuance across four maturities of one month, three months, six months, and 12 months. The auction received strong demand from a diverse group of international investors, attracting total orders worth US$2.763 billion, representing an oversubscription rate of 2.16 times.
The one-month sukuk worth US$378 million was priced at 3.86%, while the US$547 million three-month tranche was priced at 4.05%. The six-month issuance of US$317 million carried a profit rate of 4.10%, and the US$40 million 12-month tranche was priced at 4.05%.
According to IILM, the transaction marks its 13th sukuk auction of 2026, bringing the total issuance volume for the year to US$15.877 billion across 62 short-term sukuk series with varying maturities.
IILM Chief Executive Officer Mohamad Safri Shahul Hamid said the corporation’s outstanding sukuk portfolio has grown by 12.5% since the beginning of the year, despite one of the most volatile global market environments in recent years. He attributed the achievement to sustained demand from a broad international investor base, reflecting strong confidence in IILM’s high-quality short-term Islamic liquidity instruments and their growing importance in supporting the cross-border liquidity management needs of Islamic financial institutions.
All issuances were carried out under IILM’s US$8.5 billion Short-Term Sukuk Issuance Programme, which is rated A-1 by S&P Global Ratings and F1 by Fitch Ratings.