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 assisting institutions that offer sharia-based financial services in dealing with their efficient and effective management of liquidity. In addition, this initiative will facilitate a surge in investment flows to the Islamic financial services industry.
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