Major Sukuk deals announced this week: Indonesia Sovereign, and IILM

Indonesia has picked Standard Chartered, HSBC, and Emirates NBD as arrangers for its upcoming $1 Billion sukuk issuance, a senior finance ministry official said Thursday.

The Southeast Asian country has the biggest population of Muslims in the world but its Islamic finance industry lagged behind neighbouring Malaysia, the biggest sukuk issuer in the region.

International Islamic Liquidity Management Sukuk

The IILM announced that it would be conducting an auction on 17th July 2014 for value of $860 Million the issuance of the IILM Short-Term (3 month maturity) Trust Certificates (Sukuk) under its regular issuance programme.