IILM strengthens market engagement at ICD private sector forum in Algiers

20 – 22 May 2025
The IILM reinforced its commitment to proactive market engagement through active participation in the ICD Private Sector Forum (PSF), held in Algiers from 20–22 May 2025, alongside the Islamic Development Bank (IsDB) Annual Meetings. The event brought together key stakeholders from the global Islamic finance industry.
As a regular issuer of short-term Shari’ah-compliant instruments, the IILM’s role in cross-border liquidity management is pivotal. Continued dialogue with market participants ensures that the IILM remains responsive to regulatory changes and investor needs. The PSF served as a valuable platform to deepen these engagements.
Over three days, the IILM team met with industry leaders, central banks, and financial institutions, exchanging insights on market dynamics and future opportunities. The Forum also enabled the IILM to present its Sukuk Programme to a broad audience, reaffirming its role in delivering effective, Shari’ah-compliant liquidity solutions.
On the final day, CEO Mohamad Safri Shahul Hamid delivered a well-received presentation, highlighting the IILM’s journey, key milestones, and contributions to financial stability through innovative liquidity instruments. He stressed the importance of transparency and cross-border cooperation in supporting the Islamic finance ecosystem.
As demand for Shari’ah-compliant liquidity tools grows, the IILM’s active role in such forums is key to strengthening the global Islamic finance landscape.
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About IILM
The International Islamic Liquidity Management Corporation (IILM) is an international organisation established on 25 October 2010 by central banks, monetary authorities and multilateral organisations to develop and issue short-term Shari’ah-compliant financial instruments to facilitate effective cross-border liquidity management for institutions that offer Islamic financial services (IIFS).
The current members of the IILM Governing Board are the central banks and monetary agencies of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Türkiye, the United Arab Emirates, as well as the multilateral Islamic Corporation for the Development of the Private Sector.
Membership of the IILM is open to central banks, monetary authorities, financial regulatory authorities or government ministries or agencies that have regulatory oversight of finance or trade and commerce, and multilateral organisations.
The IILM is hosted by Malaysia and headquartered in Kuala Lumpur.
Media Enquiries:
The International Islamic Liquidity Management Corporation (IILM)
T: +60(3) 2170 5000
www.iilm.com