IILM at ISEF 2026 | Advancing Islamic Finance and Liquidity Management

IILM participated in the 13th Indonesia Sharia Economic Festival (ISEF) 2026, contributing to two sessions during the Joint High-Level International Seminar.

IILM CEO Mohamad Safri Shahul Hamid joined the panel “Islamic Finance Beyond Traditional Markets” alongside Dr. T. Yudo Wicaksono, Dean, Faculty of Economics and Business, Indonesia International Islamic University, as moderator; Atty. Arifa Alauya Ala, CPA, Senior Assistant Governor, Bangko Sentral ng Pilipinas; and Erwin Gunawan H., Executive Director, Head of Monetary and Asset Securities Management, Central Bank of Indonesia. The discussion explored regulatory frameworks, cross-border cooperation and the market infrastructure required to support the sustainable expansion of Islamic finance.

IILM’s Head of Business Operations, Hichem Bouqniss, also participated in the IILM Investor Forum: “Navigating Global Uncertainty: Strengthening Islamic Liquidity Management Amid Geopolitical Tensions”, alongside Dr. Firman Darwis, Deputy Director, Central Bank of Indonesia, as moderator; Muhammad Luthfi Bagja Aulia, Senior Analyst, Fitch Ratings; Khalid Al Rukhayes, Deputy General Manager, Global Markets Trading & Investments, Kuwait Finance House; Rahmatullah Sjamsudin, Executive Director, Head of Reserve Management Department, Central Bank of Indonesia; and Dimas Kresnariardi T., Head of Islamic Treasury, PT. Maybank Indonesia Finance.

The forum covered investor behaviour, secondary market activity, the role of Primary Dealers and the importance of reliable access to high-quality Sharīʿah-compliant instruments, reinforcing IILM’s role in supporting deeper and more interconnected Islamic financial markets.

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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