Standard Chartered has signed a deal to provide custodial and fund administration services to UAE-based investment institution Al Mal Capital.
Under the terms of the partnership, Standard Chartered will deliver custody services su
Primary dealers of the International Islamic Liquidity Management Corp (IILM) said after enjoying healthy demand for its debut Islamic bond last week, efforts were shifting to expand the distribution network of buyers.
The $490 mi
Standard Chartered Bank has closed a $490-million short term sukuk bond issuance from the Malaysia-based International Islamic Liquidity Management Corporation (IILM).
The bank is a primary dealer for the sukuk and is the only glo
A consortium of central banks from the Middle East, Asia and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk.
The three-month Islamic bonds, d
Malaysia-based International Islamic Liquidity Management Corp (IILM) will issue its long-awaited sukuk programme worth $490 million this month, offering tenors of three months, the financial institution said in a statement on Thursday.
A surprise pull-out of Saudi Arabia from the International Islamic Liquidity Management Corp (IILM) may have deprived the body of a top credit rating, but its debut sukuk issue still looks set to be welcomed by a wide range of