IILM Issues $860M Sukuk on Weak Order Book

Short term Sukuk rated A-1 by Standard and Poor’s Rating Services (S&P’s) have been issued by the International Islamic Liquidity Management (IILM). The 3 month sukuk for $860 was issued at a profit rate of 0.63960%. Orders for $980m were received. IILM sells its Sukuk through its primary dealers which were added to in this auction by Qatar Islamic Bank and Boubyan Bank. As at October 2015, the IILM Sukuk that have been issued and reissued amounted to USD12.69 billion.