Islamic Finance

LiquidX Announces First Sharia-Compliant Transaction with Bank of London and The Middle East (BLME)

| 10 October, 2018

LONDON, UK — BLME has completed its first Sharia’a compliant transaction on the LiquidX Accounts Receivable platform by acting as a funder to a member on the platform.

“We are extremely pleased to open our platform to BLME and Sharia’a compliant transactions,” commented Zane Baring, Director of LiquidX. “We offer institutions access to liquidity and new investment opportunities and we look forward to working with other customers interested in Sharia-compliant transactions.”

The LiquidX platform provides accounts receivables, supply chain finance, loans and insurance.

“As a client centric bank, we always look at new ways to support our client’s transactions in a flexible and transparent manner. LiquidX provides an excellent platform for us and are delighted to have worked with them to successfully complete this important transaction. We look forward to working together on similar transactions in the future” said Alex Collingwood, Head of Commodity Trade Finance at BLME. “

The financial and technological solutions that LiquidX have developed can now benefit Sharia’a compliant clients globally.

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