The International Islamic Liquidity Management Corporation (IILM)
has reissued US$860 million
worth of sukūk.
The three-month tenor sukūk,
priced at
0.63960%
profit, marks
the 20th
series of short-term IILM sukūk.
The
IILM has also disclosed that Qatar Islamic Bank and
Boubyan Bank
are now in the list of its
primary dealers, extending IILM's distribution network
to 11 primary
dealers.
The
reissuance was fully subscribed
by
the following primary dealers, in
alphabetical order:
Abu Dhabi Islamic Bank
Al Baraka Turk
Barwa Bank
Boubyan Bank
CIMB Islamic Bank
Kuwait
Finance House
Maybank Islamic
National Bank of Abu Dhabi
Qatar Islamic Bank
Qatar National Bank; and
Standard Chartered Bank.
As at
October
2015, the
IILM sukūk
that have
been issued and reissued were worth US$12.69
billion.