From Arabnews.com: The signing on Monday by 11 central banks and two multilateral organizations of the articles of a memorandum of the International Islamic Liquidity Management Corporation (IILM), the latest transnational body to serve the global Islamic finance industry, potentially marks an important landmark in the 35-year-old contemporary Islamic finance movement.
The IILM was launched at the inaugural session of the Global Islamic Finance Forum (GIFF) held in Kuala Lumpur in the presence of Malaysian Prime Minister Mohd Najib Tun Abdul Razak; Raja Nazrin Shah, the crown prince of the State of Perak and ambassador at large of the Malaysia International Islamic Finance Centre (MIFC) Initiative;………………………………………Full Article: Source