IILM To Issue First Sukuk In 6 Months, Says Zeti

The International Islamic Liquidity Management Corporation (IILM) is assumed to launch its first sukuk in the next six months, as it will contribute to better liquidity management. The statement was given by Bank Negara Malaysia (BNM) Governor Tan Sri Zeti akhtar Aziz.
IILM has the purpose to enhance the availability of liquid Shariah-based Islamic financial market instruments. This is a crucial step in promoting more efficient cross-border liquidity management for Islamic financial institutions to sustain increased cross-border flows.