IILM reissues US$740mil short-term sukuk

KUALA LUMPUR: The International Islamic Liquidity Management Corp (IILM) has completed its fourth auction for the year with the reissuance of an aggregate US$740 million (US$1=RM4.75) short-term sukuk.

In a statement today, the international organisation, which develops and issues short-term shariah-compliant financial instruments, said the sukuk were issued across tenors of one, three, and 12 months, respectively.