Shariah Banks Get Profit BoostIslamic banks will be offered a range of new money-marketinstruments in coming months, allowing lenders to earn larger returns from excess cash stored at central banks or locked into longer-dated securities.
Shariah Banks Get Profit BoostIslamic banks will be offered a range of new money-marketinstruments in coming months, allowing lenders to earn larger returns from excess cash stored at central banks or locked into longer-dated securities.
Dr. Umar further noted that though there have been significant and pioneering efforts made by the IIFM, the AAOIFI and the IFSB in relation to developing and harmonizing Islamic repo structures and documentation across jurisdictions, there was still room for enhancement to ensure that the Islamic repo framework represents a widely accepted cross-border Islamic liquidity…
We made a strategic decision to split the May auction into two, given the current market conditions, especially with the recent rate hike by the US Federal Reserve of its benchmark interest rate by half a percentage point (50 basis point) Kuala Lumpur, Malaysia – 11 May 2022. The International Islamic Liquidity Management Corporation (IILM)…
The second rating received by the IILM from Fitch reaffirms the strong fundamentals of the IILM Ṣukūk and solidifies the IILM’s Ṣukūk programme that serves the global financial services market’s need for Shari’ah compliant instruments Kuala Lumpur, Malaysia – 28 September 2022. Today, the International Islamic Liquidity Management Corporation (IILM), an international organisation that develops…
Today’s Ṣukūk reissuance, which marks the IILM’s fourth auction for the year, also featured the IILM’s fifth 12-month tenor since its introduction in 2022 Kuala Lumpur, Malaysia – 2 April 2024. The International Islamic Liquidity Management Corporation (IILM), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has successfully completed its fourth auction…
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