Kuala Lumpur, 25 October 2010 – Eleven central banks and two multilateral organisations today signed the Articles of Agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM) marking their collaboration in a landmark global initiative that is aimed to assist institutions offering Islamic financial services in addressing their liquidity management in an...

The Bank of Mauritius (BoM) has, on 7 October 2010, signed the Memorandum of Participation for the establishment of the International Islamic Liquidity Management Corporation. Mauritius signs the memorandum of participation

HE the Governor of Qatar Central Bank attended the signing of the Articles of Agreement (AA) of the International Islamic Liquidity Management Corporation (IILM) on Monday, October 25th, 2010 in Kuala Lumpur, Malaysia. The signing ceremony was witnessed by HE the Malaysian Prime Minister, Dato’ Sri Mohd Najib Tun Haji Abdul Razak, Crown Prince of...

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

Governors and representatives from 12 central banks and two multilateral organisations signed on Monday the articles of agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM). The signing ceremony was the highlight at the opening ceremony of the Global Islamic Finance Forum. Liquidity management body to facilitate investment flows

The announcement by the Islamic Development Bank (IDB) and the Islamic Financial Services Board (IFSB) last Thursday at the side of the International Monetary Fund (IMF)-World Bank Group annual meetings in Washington that a Memorandum of Participation has been signed for the establishment of the International Islamic Liquidity Management Corporation (IILM) has left the Islamic...