DUBAI: A surprise pull-out of Saudi Arabia from the International Islamic Liquidity Management Corp (IILM) may have deprived the body of a top credit rating, but its debut sukuk issue still looks set to be welcomed by a wide range of investors.
The Kuala Lumpur-based IILM, backed by central banks from the Middle East and Asia, said this month that it planned to issue as much as US$500mil (RM1.52bil) through its maiden sukuk programme in the second quarter of this year.
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