DUBAI/KUALA LUMPUR: The International Islamic Liquidity Management Corp has overcome regulatory and technical obstacles in issuing its first sukuk, but it faces a fresh challenge in ensuring that the paper becomes widely traded across borders.
The $490 million, three-month Islamic bond was auctioned to seven primary dealers from Asia, theMiddle East and Europe, the IILM said on Monday - a step towards creating an international market in Islamic financial instruments.
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