Dr. Priscilla Muthoora Thakoor Heads IILM

The Governor of the Bank of Mauritius, has been named the Chairperson of the Governing Board of the International Islamic Liquidity Management Corporation (IILM).

Key Appointment

The announcement was made following the institution’s meeting on 3 December 2025. Dr. Thakoor succeeds Olayemi Michael Cardoso, the Governor of the Central Bank of Nigeria, in the prestigious role.

Official Reaction

Commenting on the appointment, Dr. Thakoor said the Bank of Mauritius was “honoured to be able to contribute to the development of Islamic finance globally while ensuring compliance with rigorous governance standards.”

About the IILM

The IILM is a crucial global institution based in Kuala Lumpur, Malaysia. Its core mandate is to promote cross-border investment flows, strengthen international financial links, and enhance financial stability. It achieves this by creating liquid, Sharia-compliant financial instruments.

Since its establishment in October 2010, the IILM has been vital in supporting Islamic financial institutions during liquidity crises, granting them access to highly-rated liquidity instruments.

Source: Defi Media