Islamic Liquidity Management Corporation replaces CEO


The International Islamic Liquidity Management Corporation (IILM) has hired Rifaat Ahmed Abdel Karim to replace Mahmoud AbuShamma as chief executive. The IILM is backed by a number of central banks with a vested interest in Islamic finance.

It is unclear why AbuShamma, who previously worked in the Islamic banking unit at HSBC, appears to have left his role early. Local media reports say he was given a three-year contract when he joined the IILM in February 2011. AbuShamma could not immediately

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: