The IILM issues a total of USD 800 million Sukūk

    Strong global investor demand led to a total order book of USD 1.47 billion and a bid-to-cover ratio for the three Sukūk series of 190%.   Kuala Lumpur, Malaysia : Today, the International Islamic Liquidity Management Corporation (IILM) conducted its third auction of the year by issuing a total amount of USD 800…

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IILM joins the IFSB to foster greater collaboration in the global Islamic finance industry

Kuala Lumpur, 18 November 2011 – The Council of the Islamic Financial Services Board (IFSB) has yesterday resolved to admit seven organisations into the IFSB membership. An international inter-governmental organisation, two supervisory authorities, two financial institutions and two professional firms have been admitted as Associate and Observer Members.