Signing of the Articles of Agreement of the International Islamic Liquidity Management Corporation (IILM)
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...
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
Liquidity management body to facilitate investment flows
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
Establishment of IILM is a big relief
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...
Islamic Market Short-Term Liquidity Products to Boost Cross-Border Flows
The Islamic Financial Services Board, a global standard-setting body for the industry with $1 trillion in assets, is forming an institution that will issue short-term products to help Shariah-compliant banks manage funds. Islamic Market Short-Term Liquidity Products to Boost Cross-Border Flows
The IFSB announces the establishment of an International Islamic Liquidity Management Corporation
Washington, 7 October 2010 - The Islamic Financial Services Board (IFSB) today facilitated the signing of the Memorandum of Participation for the establishment of the International Islamic Liquidity Management Corporation (IILM). The primary objective of the IILM is to issue Sharī`ah-compliant financial instruments in order to facilitate more efficient and effective liquidity management solutions for...
