Indonesia to join International Islamic finance groupBI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management.
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January 1, 2011
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Liquidity Management Solutions for Islamic Banks
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...
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April 2, 2013
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The IILM Announces Shareholding Changes
Kuala Lumpur, Tuesday 2nd April 2013 – The International Islamic Liquidity Management Corporation (the IILM) notes that there has been speculation and comment in certain media regarding the IILM. The IILM has no comment to make at this point in time and will make official announcements in due course and when it is appropriate via…
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April 8, 2020
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The IILM Issues a total of USD 1.06 Billion Sukūk
Kuala Lumpur, Malaysia – 08 April 2020. The International Islamic Liquidity Management Corporation (IILM) has successfully conducted its auction amidst the challenging global market conditions by issuing three short-term A-1 rated Ṣukūk for a total amount of USD1.06 billion. The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the…
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November 6, 2019
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The IILM Reissues USD 600 million Sukūk
Kuala Lumpur, Malaysia – 06 November 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 600 million in two series with 1-month and 3-month tenors. The breakdown of today’s reissuances is as follows: 1. USD 300 million with 1-month tenor at a profit rate of 1.85%;…
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