| The International Islamic Liquidity Management Corp (IILM), a body backed by central banks from the Middle East and Asia, announced plans to issue its first Islamic bonds after an unexpected pull-out by Saudi Arabia from the body.
The IILM aims to issue up to $500m of sukuk in the second quarter of this year, helping to create a liquid cross-border market for Islamic debt - a major step in developing the rapidly growing Islamic finance industry...............................................Full Article: Source
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