Become a Primary Dealer

Become a Primary Dealer

BECOME A PRIMARY DEALER

The IILM Primary Dealers play a critical infrastructure role by providing a pre-agreed minimum commitment to all the IILM Short-Term Sukūk issuances, in line with and up to the renewable term of their Primary Dealership Agreement.

Key Benefits

01

Further showcase the Primary Dealer’s leading Global Markets and Islamic Capital Markets capabilities by contributing to the development of a critical tool to accelerate the development and the stability of Islamic Banking & Finance

02

Entitlement to the non-competitive bids and financial incentive scheme based on performance and minimum commitment

03

Primary Dealers have exclusive access to the IILM Programme which has the following features:

  • Wide Sharī’ah acceptance, appealing a broad & cross-border audience;
  • Effective cross-border liquidity instrument leveraged by Global & Regional Banks; and
  • Only Sharī’ah-compliant, supra-sovereign, short-term, cross-border, USD tradable money market instrument with Specific & Preferential Regulatory + Risk-Weighted + HQLA treatment from Members and beyond

Eligibility Criteria

  • Ability to distribute to a broad client base (regional/global)

  • Treasury front & back-office Dealership capabilities

  • Min. Tier 1 capital of USD 150 Million (or equivalent)

  • Business Plan developed in collaboration with the IILM

  • Possession of all required licenses & authorizations

  • KYC/AML/CTF compliance in line with the Agreement

  • No objection from prudential regulator or the IILM member(s)

THE IILM PRIMARY DEALERS