IILM welcomes Jaiz Bank as its first Primary Dealer from Nigeria and the African continent
6 December 2025
Abuja, Nigeria
The IILM is pleased to announce the onboarding of Jaiz Bank Plc, marking a historic milestone as the IILM’s first Primary Dealer from Nigeria and the first from the African continent.
Jaiz Bank, Nigeria’s first and leading fully fledged non-interest (Islamic) bank, becomes the fourth institution to join the IILM’s Primary Dealer network this year, further strengthening the organisation’s global distribution capabilities and market reach. This brings the total number of Primary Dealers in the IILM’s network to 16.
The IILM also extends its appreciation to the Central Bank of Nigeria, Chair of the IILM Governing Board for 2025, for facilitating the onboarding of Jaiz Bank.
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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
