The IILM issues a total of USD 1.06 Billion Sukūk

  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…

The IILM signs a Memorandum of Understanding with African Development Bank to promote global cross-border Shari’ah-compliant liquidity management

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…

The IILM Announces Shareholding Changes

Kuala Lumpur, Tuesday 2nd April 2013 – The International Islamic Liquidity Management Corporation (the IILM) notes that there has been speculation and comment in certain media regarding the IILM. The IILM has no comment to make at this point in time and will make official announcements in due course and when it is appropriate via…

Islamic liquidity body hires CEO, sharia advisers

Dec 15 (Reuters) - The International Islamic Liquidity Management Corporation, an industry body designed to help Islamic banks manage their risks, has named Mahmoud AbuShamma as chief executive officer. Islamic liquidity body hires CEO