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.
The tender resulted in significant demand from Asian and Middle Eastern investors, with an orderbook that closed in excess of USD 1.59 billion, representing an average oversubscription rate of 1.77 times. Kuala Lumpur, Malaysia: Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance of USD 900…
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…
The auction drew more than USD1.85 billion in demand with an average bid-to-cover ratio for the three tranches of 175% – an increase of 16% of the order book since last month issuances. With over 60 orders from diversified investors, the Islamic Primary Dealers got allocations across all tenors of up to 90% of…
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