The IILM announces its most active Primary Dealers for 2022

The IILM announces its most active Primary Dealers for 2022

Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (“IILM”), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, is pleased to announce the top three most active Primary Dealers for the IILM Ṣukūk Programme for 2022.

Based on the total amount allocated at primary level as of end December 2022, namely a total of 37 Ṣukūk issued for a cumulative amount of USD 13.88 billion, the top three Primary Dealers are:

- Kuwait Finance House

- First Abu Dhabi Bank

- Maybank Islamic Bank

For Primary Dealer activity and footprint in the secondary market, based on the total trading volume of USD 2.23 billion as of end December 2022, the top three Primary Dealers are:

- Kuwait Finance House

- First Abu Dhabi Bank

- Al Baraka Turk

Dr Umar Oseni, Chief Executive Officer of the IILM, said: “The steady growth of the cross-border Islamic liquidity management sector would not have been made possible without the solid participation of our Primary Dealer network. The secondary market especially, has seen a hive of activity with total trading volume reaching USD 2.23 billion as at the end of last year, which is the highest we have seen on an annual basis since inception. I therefore would like