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

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 efficient and effective manner. In addition,...

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...

The IILM Reissues USD 500 million Sukūk

Kuala Lumpur, Malaysia – 09 October 2019. Today, the International Islamic Liquidity Management Corporation (IILM) has successfully reissued A-1 short-term Sukūk amounting to USD 500 million in two series with 3-week and 3-month tenors. The breakdown of today’s reissuances is as follows: 1. USD 200 million with 3-week tenor at a profit rate of 2.00%;…