Islamic financial institutions receive timely support for the creation of a robust global cross-border market for Islamic financial instruments with the introduction of an A-1 short-term sukūk by the International Islamic Liquidity Management Corporation (IILM).

Islamic financial institutions receive timely support for the creation of a robust global cross-border market for Islamic financial instruments with the introduction of an A-1 short-term sukūk by the International Islamic Liquidity Management Corporation (IILM). The short-term IILM sukūk will complement the currently available long-term and medium-term sukūk for Islamic commercial banks, currently facing a lack of adequate short-term Shariah-compliant money-market instruments for liquidity management. IILM short-term sukūk should also help promote more efficient pricing of Islamic capital market products.