Islamic liquidity body hires CEODec 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.
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Dec

Islamic liquidity body hires CEODec 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.
Kuala Lumpur, Malaysia – 12 October 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction of USD1.11 billion 3-month tenor Sukūk priced at 1.35389% profit rate.
The tender resulted in significant demand from Middle Eastern, Asian and African investors, with an orderbook that closed in excess of USD 1.72 billion, representing an average oversubscription rate of 1.62 times. Kuala Lumpur, Malaysia : Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance…
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