IILM sukuk in final stages, says Malaysian central bank governor
International Islamic Liquidity Management Corp (IILM) is in the final stages of issuing a debut short term sukuk, Bank Negara Malaysia's governor Zeti Akhtar Aziz said on Wednesday. The notes, which are aimed at helping improve global Islamic banking liquidity, could have a maturity of up to one year.
IILM's shareholders are putting together the underlying assets and seeking a rating that will be used for the deal, she added, speaking at an event in Kuala Lumpur to discuss Bank Negara's annual report.
An official at Bank Negaras MIFC promotions unit confirmed the plans to EuroWeek
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