The International Islamic Liquidity Management Corporation (IILM) is at the forefront of promoting and facilitating cross-border Shariah compliant liquidity management with its groundbreaking Sukuk program. This report canvasses the IILM’s stellar performance in 2022 as well as an interview with the CEO and a case study on its landmark debut 12-month Sukuk offering, said to be the first of its kind globally.

About the IILM
The International Islamic Liquidity Management Corporation (the IILM) is an international organisation established by central banks and a multilateral organisation to create and issue Shariah compliant financial instruments to facilitate effective cross-border Islamic Liquidity Management.

Established on the 25th October 2010, the IILM aims to enhance cross-border investment flows, international linkages and financial stability by creating more liquid Shariah compliant financial instruments for institutions offering Islamic financial services (IIFS).

Headquartered in Kuala Lumpur, Malaysia, the IILM has a diverse membership comprising central banks of Indonesia, Kuwait, Malaysia, Mauritius, Nigeria, Qatar, Turkiye, the United Arab Emirates as well as Islamic Corporation for the Development of Private Sector (ICD). The IILM paves the way for a unique collaborative, cross-border solution to a common, cross-border concern.

International Islamic Liquidity Management Corporation

Suite 43B Level 43, Vista Tower, The Intermark, 348 Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia
Tel: +60(3) 2170 5000
Fax: +60(3) 2170 5111
E-mail: [email protected]

Report's Content

CEO MessageAt the start of 2023, the International Monetary Fund (IMF)’s managing director, Kristalina Georgieva, warned that the new year is going to be “tougher than the year we leave behind”, with a third of the world economy expected to be in recession. After facing a challenging 2022, where the markets dealt with high levels of inflation and the impact of the US Federal Reserve’s tightening monetary policy, the IMF believes that the global economy will see a tough year ahead as the main engines of global growth – the US, Europe, and China – are seeing their economic activities slowing down.

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IILM Snapshot The International Islamic Liquidity Management Corporation (IILM) is an international institution established on the 25th October 2010 with the primary objective of providing short-term Shariah compliant financial instruments to facilitate effective liquidity management for Islamic financial institutions through Sukuk issuance. The IILM’s current members comprise nine shareholders including eight central banks...

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Robust IILM Sukuk performance despite continuing global market uncertainties The failure of two mid-sized lenders in the US, Silicon Valley Bank (SVB) and Signature Bank, as well as the financial problem faced by European banking giant, Credit Suisse Group, in March 2023 and the rescue of First Republic Bank bought over by JP Morgan in April 2023 triggered a...

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IILM to bolster Sukuk program with new assets as it pursues investor diversification For almost a decade, the International Islamic Liquidity Management Corporation (IILM) has been at the forefront of enhancing cross-border Shariah liquidity management since its inaugural short-term Sukuk issuance in 2013. In an exclusive interview with IILM CEO Dr Umar Oseni, VINEETA TAN learns that the supranational is considering expanding the...

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IILM debuts world’s first one-year cross-border US dollar Sukuk The International Islamic Liquidity Management Corporation (IILM) on the 15th June 2022 added another feather to its cap with the offering of its first-ever 12-month Sukuk, believed to be the first US dollar issuance of its kind globally. The US$250 million tranche, issued alongside a US$250 million one-month and a...

Case Study