Liquidity management body to facilitate investment flows

Governors and representatives from 12 central banks and two multilateral organisations signed on Monday the articles of agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM). The signing ceremony was the highlight at the opening ceremony of the Global Islamic Finance Forum. Liquidity management body to facilitate investment flows

The IILM issues USD 900 million Sukūk

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…

MoU inked between the Arab Monetary Fund and the IILM

Abu Dhabi, United Arab Emirates 5 October 2015 –The Arab Monetary Fund signed a Memorandum of Understanding (MoU) with the International Islamic Liquidity Management Corporation (the “IILM”) at the headquarters of the Arab Monetary Fund in Abu Dhabi. The MoU aims to establish and implement a framework for cooperation between the two institutions.

The IILM Reissues USD840 Million Sukūk

Kuala Lumpur, Malaysia – 16 November 2016. The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that it has successfully conducted an auction in which it has reissued USD840 million 3-month tenor Sukūk priced at a profit rate of 1.35122%