Islamic banks and banks participating in the Islamic Banking Scheme (IBS) can match the funding requirements effectively and efficiently. The Islamic Interbank Money Market (IIMM)
The IIMM rate, defined as the daily weighted average for the overnight rate of the Mudharabah interbank investment at the Islamic Interbank Money Market, has been agreed by the Shari’ah Advisory Council to be the reference rate for actual loss, post maturity. The IIMM rate can be sourced ...