IILM Chief: Main Challenge Is To Appreciate All Jurisdictions
The main demand now for the International Islamic Liquidity Management (IILM) Corporation is to find the most common denominator among the jurisdictions for the global Islamic finance market.
Chief Executive Officer Mahmoud AbuShamma stated that IILM would use the US dollar, an international currency which is widely used, but may look at other local currencies later depending on the requirements of the market.
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