International Islamic Liquidity Management Corporation Increases Sukῡk Issuance to USD 3 Billion

Kuala Lumpur, Malaysia – 25 October 2017. The International Islamic Liquidity Management Corporation (IILM) has conducted an auction for a 3-month USD 550 million Sukūk priced at a 1.67742% profit rate today, increasing its Sukūk issuance to USD 3 billion from USD 2.45 billion Read More (English)

The IILM reissues a total of USD 1.1 billion Sukūk

  Further to auction close, the three series were priced at i) 0.26 % for USD 400 million of 1-month tenor; ii) 0.45% for USD 500 million of 3-month tenor; and iii) 0.46% for USD 200 million of 6-month tenor Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued a…

BI forms International Islamic Liquidity Management Corporation (IILM)

Bank Indonesia, together with 10 other central banks and two multilateral organisations, signed an agreement on 25thOctober 2010 in Kuala Lumpur, Malaysia to establish the International Islamic Liquidity Management Corporation (IILM). This agreement, facilitated by the Islamic Financial Services Board (IFSB), marks collaboration regarding an array of elements involved with current global initiatives aimed at...

Shariah Money Markets Expand With First Global Bill Sales: Islamic Finance

The first global Shariah-compliant money-market securities may be sold early next year, providing Islamic banks with more opportunities to invest reserves and boost profits. Shariah Money Markets Expand With First Global Bill Sales Islamic Finance