The International Islamic Liquidity Management Corporation (IILM) proudly welcomes T\u00fcrkiye\u2019s Golden Global Investment Bank as the latest banking institution to join the IILM\u2019s distinguished global network of Primary Dealers, to distribute the IILM\u2019s short-term Suk\u016bk to qualified investors in T\u00fcrkiye and globally.<\/p>\r\n
Golden Global Investment Bank, T\u00fcrkiye\u2019s first Shari\u2019ah-compliant investment bank established in 2019, became the IILM\u2019s 13th global Primary Dealer.<\/p>\r\n
During the ceremony between the IILM and Golden Global Investment Bank in Istanbul, Mohamad Safri Shahul Hamid, Chief Executive Officer of the IILM, said: “We are extremely delighted and honoured to have and welcome Golden Global Investment Bank to the IILM family. This partnership is part of our commitment to supporting effective liquidity management in global Islamic financial markets, and T\u00fcrkiye occupies a unique position as a bridge between Europe and Asia. The country\u2019s dynamic financial market and robust regulatory framework have created fertile ground for the growth of Islamic finance, and with Golden Global Investment Bank being part of the IILM\u2019s global network of Primary Dealers, this will certainly solidify the bank\u2019s presence in the global Islamic financial markets.\u201d<\/p>\r\n
\u201cBeing the latest Primary Dealer for the IILM\u2019s USD 6 billion Suk\u016bk programme will unlock new opportunities for Turkish investors and institutions, enabling them to access high quality Islamic cross-border liquidity solutions. I am confident that with Golden Global Investment Bank\u2019s innovative vision, they will play an integral role in broadening the reach of the IILM\u2019s highly rated Islamic short-term papers to a wide range of investors, particularly in T\u00fcrkiye and the surrounding regions. I look forward to this partnership that will be of tremendous value in the years to come,\u201d Safri added.<\/p>\r\n
In his remarks during the ceremony, Yavuz Yeter, General Manager of Golden Global Investment Bank, emphasised the bank’s commitment to providing innovative and effective solutions compliant with Islamic finance principles to its expanding client portfolio.<\/p>\r\n
“We are extremely proud to become a Primary Dealer for the IILM. This partnership will allow our bank to play a significant role in global Islamic financial markets, providing our clients with broader and more international opportunities. Golden Global Investment Bank continues to enhance its international collaborations and effectiveness based on a solid strategy. Our successful issuances of TRY, USD, and EUR Sukuk domestically and internationally throughout 2024 are a testament to this strategy.\u201d<\/p>\r\n
\u201cIn addition to our own funding needs, our bank will, in the coming period, address a significant need in the sector by facilitating domestic and international Suk\u016bk issuances for our corporate clients. We aim to continue expanding our innovative Islamic banking practices, particularly in foreign trade and treasury products. Through this robust collaboration with the IILM, we will strengthen our presence in global Islamic financial markets and broaden the range of products we offer to our investors.”<\/p>\r\n
The IILM\u2019s short-term Suk\u1fe1k is currently distributed by a diversified and growing network of 12 primary dealers globally, namely Abu Dhabi Islamic Bank, Al Baraka Turk, Affin Islamic Bank, Boubyan Bank, CIMB Islamic Bank Berhad, Dukhan Bank, First Abu Dhabi Bank, Kuwait Finance House, Maybank Islamic Berhad, Meethaq Islamic Banking from Bank Muscat, Qatar Islamic Bank, and Standard Chartered Bank.<\/p>\r\n
The IILM\u2019s USD 6 billion short-term \u1e62uk\u016bk programme is rated \u201cA-1\u201d by S&P Global and \u201cF1\u201d by Fitch Ratings, and the total amount of IILM \u1e62uk\u016bk outstanding currently stands at USD 4.14 billion.<\/p>\r\n","protected":false},"excerpt":{"rendered":"
Istanbul, T\u00fcrkiye \u2013 13 February 2025 The International Islamic Liquidity […]<\/p>\n","protected":false},"author":1,"featured_media":4031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55,10],"tags":[],"class_list":["post-3873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-55","category-press-release"],"lang":"en","translations":{"en":3873},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/3873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/comments?post=3873"}],"version-history":[{"count":1,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/3873\/revisions"}],"predecessor-version":[{"id":3874,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/posts\/3873\/revisions\/3874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media\/4031"}],"wp:attachment":[{"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/media?parent=3873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/categories?post=3873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iilm.com\/v2\/wp-json\/wp\/v2\/tags?post=3873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}