Central banks back move for more liquid Islamic money markets

malaysia-border-0-align-left-class-imagemigration

A number of central banks have given their backing to a new corporation set-up by the Islamic Financial Services Board (IFSB) to promote better liquidity management by firms involved in markets for Shari`ah-compliant products.

Officials from a number of member central banks of the IFSB signed a memorandum of participation to establish the International Islamic Liquidity Management Corporation, established to encourage more efficient and effective liquidity management in the market for Islamic fi

To continue reading...