Kuala lumpur: The International Islamic Liquidity Management Corporation (IILM) announced that its outstanding short-term sukuk portfolio has achieved a record high of US$6.65 billion. This milestone demonstrates IILM's growth in issuing shariah-compliant short-term liquidity management instruments.

According to BERNAMA News Agency, the IILM's achievement is attributed to the successful issuance and reissuance of US$965 million in short-term sukuk across various tenors-one, three, six, and twelve months-during its second auction in January. This brought the month-to-date issuance to US$2.2 billion, marking the second-largest monthly total in the corporation's history.

The four series were priced as follows: US$385 million at 3.90% for a one-month tenor, US$380 million at 3.92% for a three-month tenor, US$150 million at 3.95% for a six-month tenor, and US$50 million at 3.90% for a twelve-month tenor. The auction attracted robust demand from IILM's network of primary dealers and a diverse range of institutional investors across different jurisdictions. It generated total bids of US$2.17 billion with an average bid-to-cover ratio of 2.25 times, indicating strong confidence in IILM's high-quality short-term Islamic liquidity instruments.

Mohamad Safri Shahul Hamid, the CEO of IILM, stated that this issuance reflects the ongoing momentum in expanding and diversifying the IILM's asset base at the beginning of 2026. He noted that the strong demand observed across all tenors highlights investors' preference for high-quality, short-dated Islamic instruments amid ongoing macroeconomic challenges, policy uncertainty, and shifting rate expectations. This outcome underlines IILM's role in supporting effective Islamic liquidity management by offering transparency, certainty, and regular, predictable issuances.

The issuance is part of the IILM's A-1 (S and P) and F1 (Fitch Ratings) rated US$8.5 billion short-term sukuk issuance programme. The short-term sukuk is distributed by 16 global primary dealers.