The International Islamic Liquidity Management Corporation (the IILM) is an international organisation established by central banks, monetary authorities and multilateral organisations to create and issue Shari’ah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management.
Established on 25 October 2010, the IILM aims to enhance cross-border investment flows, international linkages and financial stability by creating more liquid Shari’ah-compliant financial markets for institutions offering Islamic financial services.
Ten Central Banks and Monetary Agencies as well as a multilateral institution opening the way to cross-border Islamic liquidity management. The source of our strength is a diverse group of founding shareholders comprising central banks and monetary agencies as well as a multilateral institution. This unique collaboration will facilitate the establishment of a long-desired Islamic liquidity management scheme with global reach.
Our shareholders:
Bank Negara Malaysia, Bank Indonesia, Central Bank of Kuwait, Bank of Mauritius, Central Bank of Nigeria, Qatar Central Bank, Central Bank of The Republic of Turkey, Central Bank of The United Arab Emirates, Banque Centrale du Luxembourg and Islamic Corporation for the Development of the Private Sector.