Economic Development of the Islamic Financial Services Industry to Continue Between the IFSB and IILM

The International Islamic Liquidity Management Corporation (IILM) and Islamic Financial Services Board (IFSB) have signed their second agreement via a Memorandum of Understanding (MoU) to collaborate and enhance cooperation with the objective of promoting development within the Islamic financial services industry.

The agreement, which was finalised on the 16th of December 2020 will focus on increasing awareness and capacity building via joint organisation and the hosting of training programmes, focus group discussions, conferences, workshops and seminars, aimed at supervisory and regulatory authorities in member countries. It will also involve the provision of direct knowledge and expertise in the delivery of technical assistance missions with the aim of supporting market develo...