This year’s 8th annual summit of the Islamic Financial Services Board (IFSB), scheduled to be held at the New Conference Centre Kirchberg in Luxembourg on May 10-13, is already making an impact.

Istanbul, the Republic of Turkey 7 December 2015 – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, signed a Memorandum of Understanding (MoU) with the International Islamic Liquidity Management Corporation (IILM). The purpose of the MoU is to establish and implement a…

Kuala Lumpur, Malaysia – The International Islamic Liquidity Management Corporation (IILM) is pleased to announce that on 25 February 2014 it successfully conducted an auction for the reissuance of its USD 490 million short-term Sukūk, rated A-1 by Standard & Poor’s Rating Services. The Sukūk, which have a tenor of 3 months, were reissued with…

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…