Islamic Finance

Islamic finance body IILM names new CEO

The International Islamic Liquidity Management Corporation (IILM) has named a new CEO.

IILM on Monday (Dec 23) announced Dr. Umar Aimhanosi Oseni as its new CEO for a tenure of two years. Dr. Umar served as Acting CEO since September 2018 when then-CEO Abdoul Aziz Ba resigned.

Dr. Umar joined the Kuala Lumpur-based IILM in 2016 as Executive Director, Legal and Compliance and General Counsel in 2016. He was previously an Associate Professor at the International Islamic University Malaysia.

The IILM is an international consortium that issues short-term Shariah-compliant financial instruments to facilitate cross-border liquidity management for institutions that offer Islamic financial services.

The current members of its governing board are the central banks and monetary authorities of Indonesia, Kuwait, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Turkey, the United Arab Emirates, as well as the multilateral Islamic Corporation for the Development of the Private Sector.

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