16.04.2013 - Freshfields advises IILM on its inaugural short term Sukuk programme
International law firm Freshfields Bruckhaus Deringer advised International Islamic Liquidity Management Corporation (IILM) on establishing its inaugural $2 billion short-term Sukuk Programme. The global programme was set up to create a global cross-border market for Islamic financial instruments and to strengthen the liquidity management of institutions that offer Islamic financial services. The programme will be backed by sovereign, sovereign-linked and supranational Sukuk assets and issue short-term Shari’ah-compliant certificates. The programme is rated by Standard & Poor’s Rating Services (S&P)...............................................Full Article: Source
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