Sales of Ardbeg Kildalton will help raise funds for the Kildalton Project which is aiming to establish a social and training hub in Port Ellen on the island.
Glenmorangie-owned Ardbeg is working in partnership on the project with the charity North Highland Initiative.
The limited edition whisky has been created from spirit matured in ex-bourbon and ex-sherry casks.
It will have a bottle price of £120 and sell initially at the distillery before being made more widely available in the autumn.
Hamish Torrie, Glenmorangie’s director of corporate social responsibility, said: “The project is a great illustration of our long-term commitment to playing our part in the community of Islay.”
Director of distilling and whisky creation Bill Lumsden described Kildalton as a “rather curious whisky”.
He added: “A blessed marriage of firm, smoky, but creamy Ardbeg from bourbon barrels with rather racy, spicy whiskies from new and refill sherry casks has given a harmonious union of bold, colourful flavours.”