Kuala Lumpur – The International Islamic Liquidity Management Corporation (the IILM) has announced a restructuring of its shareholding. The IILM has eleven shareholders consisting of central banks, monetary authorities and one multilateral institution. With the restructuring, the number of shareholders becomes ten. The total paid-up capital however remains unchanged.
The Central Banks of Malaysia and Qatar, who are all members of the Governing Board of the IILM, have each purchased additional shares in the IILM, which became available for purchase when the Saudi Arabian Monetary Agency relinquished its shareholding in the IILM.