Meethaq Islamic Banking joins IILM

KUALA LUMPUR: The International Islamic Liquidity Management Corporation (IILM) has welcomed Meethaq Islamic Banking from Bank Muscat as its newest primary dealer. The onboarding of Meethaq Islamic Banking highlights the remarkable growth of the IILM sukuk in Oman, where its market share has increased fivefold from a mere two per cent in 2023 to 10 per cent in 2024. IILM’s US$6 billion short-term sukuk  issuance programme is rated “A-1” by S&P and “F1” by Fitch Ratings.