International Islamic Liquidity Management Corporation (the IILM) is an international organisation established by central banks, monetary authorities and multilateral organisations to create and issue Shari’ah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management.
The IILM was established on 25 October 2010.
The IILM’s primary objectives are to:
The current member shareholders are the central banks of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates and a member of the Islamic Development Bank Group, the Islamic Corporation for the Development of the Private Sector.
The IILM’s Headquarters and Offices are in Kuala Lumpur, Malaysia.
Currently, the IILM does not have any offices outside Malaysia but it can be reached easily through the contact details provided below.
The IILM’s main business is issuing short-term highly rated Sukuk with multiple tenors from 1 day up to 364 days.
The IILM Sukūk have several important features that are unique in the market, which are:
As an international organization, the IILM is not governed by any regulators. However, the IILM is governed under its own its Articles of Agreement, By-Laws, and resolutions issued by its Governing Board, The IILM is hosted in Malaysia pursuant to the International Islamic Liquidity Management Act 2011 (Act 721).
Membership of the IILM is open to central banks, monetary authorities, financial regulatory authorities or government ministries or agencies that have regulatory oversight of finance or trade and commerce, and multilateral organisations.
For policies and all strategic matters, the Governing Board is the highest decision-making body and it comprises the Governors of central banks of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates and the Chief Executive Officer of Islamic Corporation for the Development of the Private Sector.
For any enquiries, the IILM can be contacted at +603 – 2170 5000 or firstname.lastname@example.org