Shariah Banks Get Profit BoostIslamic 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 BoostIslamic 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.
Kuala Lumpur, Malaysia – 10 April 2019. Today the International Islamic Liquidity Management Corporation (IILM) has successfully reissued a total amount of US500 million short-term A-1 Sukūk rated by Standard & Poor’s in two series as follows: 1. USD 200 million with 1-month tenor at a profit rate of 2.67%; and 2. USD 300 million…
Kuala Lumpur, Malaysia – 23 May 2019. Today the International Islamic Liquidity Management Corporation (IILM) has successfully issued a total amount of USD 150 million short-term A-1 Sukūk rated by Standard & Poor’s under a new series with a 3-week tenor at a 2.54% profit rate. Read More (English)
The transaction comprised USD 400 million 1-month tenor priced at 0.33%, USD 450 million 3-month at 0.36% and USD 250 million 6-month at 0.40%. Kuala Lumpur, Malaysia – 13 April 2021.The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully completed the auction for the reissuance of an aggregate of…
Tunis 24 June 2013 – Today, the International Islamic Liquidity Management Corporation (The IILM) signed a Memorandum of Understanding (“MoU”) with the African Development Bank (“AfDB”) to strengthen cooperation between the two organisations. The MoU represents another milestone for the IILM following the first MoU, which it signed with the Asian Development Bank (“ADB”) on…
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