Eleven central banks and two multilateral organisations participate in International Islamic Liquidity Management Corporation initiative facilitated by the IFSB

Kuala Lumpur, 25 October 2010 – Eleven central banks and two multilateral organisations today signed the Articles of Agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM) marking their collaboration in a landmark global initiative that is aimed to assist institutions offering Islamic financial services in addressing their liquidity management in an...

International Islamic Liquidity Management Corporation Reissues USD 1.070 Billion Short-Term Sukuk

The International Islamic Liquidity Management Corporation (IILM) has announced the successful completion of an auction for the reissuance of A1-rated short-term Sukuk worth USD 1.070 billion. According to a statement issued by the IILM on the 10th of November 2020, the Sukuk had an average oversubscription ratio of 145%, with a combined order book in…

The IILM announces leadership changes for 2022

I commend the IILM for its excellent work over the years, and on behalf of the IILM members, we look forward to the organisation’s mandates in 2022 to further enhance financial stability of IIFS through Ṣukūk issuances as well as initiatives to promote cross-border liquidity management infrastructure and to further strengthen co-operation among the IILM…

The IILM Announces its Inaugural Short-term Sukūk Programme

Doha, Qatar – In a key move aimed at creating a robust global cross-border market for Islamic financial instruments and strengthening the liquidity management of Institutions that offer Islamic Financial Services (IIFS), the Governing Board of the International Islamic Liquidity Management Corporation (the IILM), announced today in its 10th meeting in Doha, Qatar the official…