13 February 2025

The signing ceremony in Istanbul, Turkiye, to onboard Golden Global Investment Bank as the IILM’s 13^th Primary Dealer was accompanied by an engaging panel discussion on “Islamic Liquidity Management: Key Building Blocks to Ensuring Successful & Sustainable Approaches to Effective Liquidity Management Amongst Islamic Financial Institutions”. The event was attended by approximately 100 senior officials from Turkiye’s financial markets and signified the IILM’s expanding reach in the country and growing interest in the IILM’s cross-border liquidity management solution.

During the panel session, the IILM’s Senior Vice President for Issuance and Investor Relations, Caroline Pierre, highlighted how the IILM’s short-term Sukuk programme plays a crucial role in enhancing liquidity management for Islamic financial institutions (IFIs). As the only regular issuer of high-quality, USD-denominated short-term Sukuk, the IILM provides Sharī’ah-compliant liquidity tools that help IFIs efficiently manage their cash flow while mitigating liquidity risk.

Türkiye’s participation banking sector, meanwhile, has been experiencing steady growth, driven by increasing demand for Shari’ah-compliant financial instruments and strong regulatory support. The panel discussion underscored the evolving needs of Türkiye’s participation banks, the importance of a robust cross-border Islamic liquidity infrastructure, and the critical role of Primary Dealers in strengthening secondary market activity.