First, building on our membership of the Islamic Financial Services Board, we participated actively in the preparatory work and became a founder member of the International Islamic Liquidity Management Corporation (IILM) – a Supranational body created to issue bench mark Islamic liquidity instruments – launched during the year and headquartered in Kuala Lumpur, Malaysia.
This gives us membership on the Governing Board of IILM for a period of ten years and access to Shariacompliant financial instruments for better liquidity management. Second, the Bank entered into a Memorandum of Understanding with Bank Negara Malaysia, the central bank of Malaysia, which inter alia envisages support for building skills.