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...

The IILM Issues a total of USD 800 Million Sukūk

Kuala Lumpur, Malaysia – 11 March 2020. The International Islamic Liquidity Management Corporation (IILM) conducted its third auction of the year by issuing a total amount of USD 800 million short-term A-1 rated Ṣukūk in three series. Strong global investor demand led to a total order book of USD 1.47 billion and a bid- to-cover…

IILM chief: Main challenge is to appreciate all jurisdictions

JAKARTA, July 19 (Bernama): The main challenge now for the International Liquidity Management Corporation (IILM), perhaps, is to find the most common denominator among the jurisdictions for the global Islamic finance market, said Chief Executive Officer Mahmoud AbuShamma.