The International Islamic Liquidity Management Corp
Sharia banks get profit boost with money-market products
Tue, 2010-12-07 12:49 — newsdeskIslamic banks will be offered a range of new money-market instruments in coming months, allowing lenders to earn larger returns from excess cash stored at central banks or locked into longer-dated securities.
The International Islamic Liquidity Management Corp will sell its first short-term bills in dollars early next year.
Money-market products will allow banks to invest idle cash more profitably.
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