The IILM issues USD 1.06 billion Sukūk

  The tender resulted in significant demand from Middle Eastern, Asian and African investors, with an orderbook that closed in excess of USD 1.72 billion, representing an average oversubscription rate of 1.62 times.   Kuala Lumpur, Malaysia : Today, the International Islamic Liquidity Management Corporation (IILM) has successfully conducted an auction for a total issuance…

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.

Liquidity Management Solutions for Islamic Banks

In the last issue of this publication there were several articles that touched on the problems experienced by Islamic banks in the matter of liquidity instruments. Many of the instruments approved by regulatory bodies in the in the West are not open to Islamic banks, because they are not Shari’ah compliant. The establishment of the...