In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the industry has fared specifically on a number of areas that were discussed. In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on,...

BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management. Indonesia to join International Islamic finance group

In the last issue of this publication there were several articles that touched on the problems experienced by Islamic banks in the matter of liquidity instruments. Many of the instruments approved by regulatory bodies in the in the West are not open to Islamic banks, because they are not Shari’ah compliant. The establishment of the...

Dec 15 (Reuters) - The International Islamic Liquidity Management Corporation, an industry body designed to help Islamic banks manage their risks, has named Mahmoud AbuShamma as chief executive officer. Islamic liquidity body hires CEO

Kuala Lumpur & Jeddah, 13 December 2010 / 7 Muharam 1432 - The International Islamic Liquidity Management Corporation (IILM) wishes to announce the appointment of Mr. Mahmoud AbuShamma as its first Chief Executive Officer (CEO) for a three-year tenure effective 1 February 2011. Appointment of Chief Executive Officer

Islamic 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 Boost