UK bank completes first Sharia compliant transaction on LiquidX platform


UK-based bank BLME has completed its first Sharia compliant transaction on the LiquidX platform by funding another participant in the LiquidX network.

The LiquidX platform handles a range of transactions, including accounts receivables, supply chain finance, inventory finance, loans and insurance. The financial and technological solutions that LiquidX has developed can now benefit Sharia compliant clients globally, according to the company.

LiquidX has executed over USD 13bn of trade volume and processed USD 52bn in post trade settlements since 2016.

Source: The Paypers


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Posted on Oct 12, 2018
Region: UK
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