IILM - International Islamic Liquidity Management’s Post

The IILM - International Islamic Liquidity Management successfully issued a new short-term Sukuk worth USD 490 million in three series of 1, 3, and 6-month tenors. Today’s auction is a special occasion as it brings the IILM’s total outstanding Ṣukūk to USD 4 billion, which is the highest ever since the inception of the IILM Ṣukūk Programme in 2013. The IILM short-term Ṣukūk programme is rated “A-1” by S&P Global and “F1” by Fitch Ratings.   If you are interested in purchasing the IILM Ṣukūk, please contact one of our Primary Dealers: ADIB - Abu Dhabi Islamic Bank, Albaraka Türk Katılım Bankası A.Ş, AFFIN Group, Boubyan Bank, CIMB, Dukhan Bank, First Abu Dhabi Bank (FAB), Kuwait Finance House, Maybank, Qatar Islamic Bank (QIB), Standard Chartered. #theIILM #moneymarket #sukuk #primarydealers #investors #centralbanks #liquidity #islamicbanking #islamicfinance #issuance #auction

The IILM - International Islamic Liquidity Management successfully issued a total of USD 1.26 billion in three Ṣukūk series of 1, 3, and 6-month tenors. Today’s auction witnessed the participation of new investors across the GCC and Asia, and saw the largest orderbook year-to-date, with a combined orderbook in excess of USD 2.91 billion, representing an average bid-to-cover ratio of 231%. The IILM short-term Ṣukūk programme is rated “A-1” by S&P Global and “F1” by Fitch Ratings. If you are interested in purchasing the IILM Ṣukūk, please contact one of our Primary Dealers: ADIB - Abu Dhabi Islamic Bank, Albaraka Türk Katılım Bankası A.Ş, AFFIN Group, Boubyan Bank, CIMB, Dukhan Bank, First Abu Dhabi Bank (FAB), Kuwait Finance House, Maybank, Qatar Islamic Bank (QIB), Standard Chartered. #theIILM #moneymarket #sukuk #primarydealers #investors #centralbanks #liquidity #islamicbanking #islamicfinance #issuance #auction

Last week, the IILM - International Islamic Liquidity Management successfully concluded the final auction for its short-term Ṣukūk in 2024, issuing USD 690 million. This marks a cumulative issuance of over USD 13 billion across 42 series in 2024, and a total issuance of USD 113.95 billion spanning 276 series since the organisation's inception. Despite ongoing global market challenges and persistent uncertainty, demand for the IILM’s Ṣukūk remains robust, underscoring strong investor confidence and the resilience of the Islamic finance sector. The IILM remains steadfast in its mission to enhance Islamic liquidity management infrastructure and expand the availability of Shari’ah-compliant liquidity tools. The IILM’s 2025 Issuance Calendar, outlining the schedule for its monthly auctions of short-term liquidity instruments, will soon be available on www.iilm.com. If you are interested in purchasing the IILM Ṣukūk, please contact one of our Primary Dealers: ADIB - Abu Dhabi Islamic Bank, Albaraka Türk Katılım Bankası A.Ş, AFFIN Group, Boubyan Bank, CIMB, Dukhan Bank, First Abu Dhabi Bank (FAB), Kuwait Finance House, Maybank Islamic, Qatar Islamic Bank (QIB), Standard Chartered.   #theIILM #moneymarket #sukuk #primarydealers #investors #centralbanks #liquiditymanagement #islamicbanking #islamicfinance #issuance #auction

Ithmaar Holding, the parent company of Faysal Bank Limited (FABL), held an Extraordinary General Meeting (EOGM) to seek shareholder approval for the sale and transfer of certain assets. Bahrain-based GFH Financial Group is set to acquire a 75% stake in Ithmaar Bank, a joint venture with Faysal Bank. Shareholders approved the transfer of assets and liabilities worth approximately US$ 695-715 million and US$ 665-695 million, respectively. Initially, 66.67% of Faysal Bank will be transferred to a company owned by Ithmaar Holding, with GFH Financial Group eventually acquiring 75% of the joint venture's issued capital. GFH will receive a 12% annual preferred return on equity for five years. Additionally, Ithmaar recently sold a 5.76% stake in Faisal Islamic Bank of Egypt for US$ 34.8 million, valuing the bank at approximately US$ 604 million with a price-to-book ratio of 1.0x. Read more: www.brandsynario.com . . #Brandsynario #FaysalBank #IthmaarHolding

Join Montran at this year's Arab Federation of Capital Markets (AFCM) Annual Conference in Doha, Qatar! Montran is proud to sponsor this prestigious event, where industry leaders and experts converge to discuss the future of Islamic Finance in the era of FinTech. The AFCM Conference, in collaboration with Qatar Stock Exchange, promises insightful discussions on T+0, risk management, the growth of Islamic Capital Markets, and more. Join us at AFCM as we explore the future of Capital Markets and discuss how Montran's solutions can empower financial institutions to thrive in today's dynamic landscape. Learn more about this event here: https://lnkd.in/eAnqnxhu #Montran #AFCM2024 #IslamicFinance #FinTech #QatarStockExchange #CapitalMarkets #FinancialSolutions

Join Montran at this year's Arab Federation of Capital Markets (AFCM) Annual Conference in Doha, Qatar! Montran is proud to sponsor this prestigious event, where industry leaders and experts converge to discuss the future of Islamic Finance in the era of FinTech. The AFCM Conference, in collaboration with Qatar Stock Exchange, promises insightful discussions on T+0, risk management, the growth of Islamic Capital Markets, and more. Join us at AFCM as we explore the future of Capital Markets and discuss how Montran's solutions can empower financial institutions to thrive in today's dynamic landscape. Learn more about this event here: https://lnkd.in/eEzJt3yU #Montran #AFCM2024 #IslamicFinance #FinTech #QatarStockExchange #CapitalMarkets #FinancialSolutions

The Gulf Capital Market Association (GCMA) 2024 Summit is just around the corner! Looking forward to hearing from a great lineup of capital market experts! Click to learn more and reserve your place: https://lnkd.in/dKVwKskB Thanks to our Gold Sponsors Emirates NBD, First Abu Dhabi Bank (FAB) S&P Global Ratings and State Street Global Advisors and our Silver Sponsors Fitch Ratings and Moody's Ratings! #capitalmarkets #islamicfinance #sukuk #mideastdcm #debtcapitalmarkets #islamicfinance #emergingmarkets #capitalmarkets #gcc #sustainablefinance

Thank you Labuan IBFC and Qatar Financial Centre (QFC) Authority for choosing Bank Islam Malaysia Berhad as your preferred partner for the event. In the paper, we argued that success for Islamic Finance sector has to be measured beyond country ranking boundary, and one need to leverage on each other’s competitive advantage to take the sector to the next level #islamicfinanceforall

Congratulations to John Macedo, Nauman Malik and Mohanad AL Ghabra of Dubai Islamic Bank (DIB) for issuing the bank’s third Sustainable Sukuk. The impressive USD1bn deal size makes this Sustainable Sukuk the largest Sustainable issuance by a Middle Eastern FIG in almost a year. Dubai Islamic Bank was also able to successfully place this Sustainable Sukuk at a spread of UST+95bps, which makes DIB one of the few issuers in the Middle East capable of placing tighter than UST+100bps. The deal received over USD2.5bn in orderbooks from investors across Asia, Europe and the Middle East. We also congratulate the teams at J.P. Morgan, HSBC, Emirates NBD, First Abu Dhabi Bank (FAB), Standard Chartered, Al Rajhi Capital, Bank ABC, KFH Capital, Mashreq and Sharjah Islamic Bank for their excellent execution on this Sustainable Sukuk. Click on the link below to read the full CMDportal TopDeal reasoning and deal statement with commentary. https://lnkd.in/eEX955-F   #capitalmarkets #fixedincome #debtcapitalmarkets #bondmarkets #sustainableinvesting #ESG #islamicfinance #sukuk

The Gulf Capital Market Association (GCMA) Summit 2024 is just around the corner! Looking forward to hearing from a great lineup of capital market experts! Click to learn more and reserve your place: https://lnkd.in/dKVwKskB Thanks to our Gold Sponsors Emirates NBD, First Abu Dhabi Bank (FAB) S&P Global Ratings and State Street Global Advisors and our Silver Sponsors Fitch Ratings and Moody's Ratings! Avie Shuai Charles Féghali Salman Saleem Zahabia Gupta Nick Taylor #capitalmarkets #islamicfinance #sukuk #mideastdcm #debtcapitalmarkets #islamicfinance #emergingmarkets #capitalmarkets #gcc #sustainablefinance