LiquidX announces first Sharia compliant transaction with Bank of London and The Middle East (BLME)
Source: Teall & Associates for LiquidX , Author: Posted by BI-ME staff
Posted: Fri October 12, 2018 1:15 pm

LONDON. BLME has completed its first Sharia compliant transaction on the LiquidX Platform by acting as a funder to another participant within the LiquidX network.
 
“We are extremely pleased to open our platform to BLME and Sharia compliant transactions,” commented Zane Baring, Director at LiquidX London. “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 handles a range of transactions, including accounts receivables, supply chain finance, inventory 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 we 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 has developed can now benefit Sharia compliant clients globally.
 
About LiquidX
Through its leading technology and diverse network of global participants including major corporations, banks, institutional investors, and insurance providers, LiquidX provides an efficient and flexible platform for participants to transact across the trade finance and working capital asset class in one place.  LiquidX has executed over $13 billion of trade volume and processed $52 billion in post trade settlements since 2016.

For more information about LiquidX, please visit www.liquidx.com.
 
About Bank of London and The Middle East

BLME is an independent wholesale Sharia compliant bank based in London. Led by a management team that brings together a combination of experienced international bankers and leading experts in Islamic finance, BLME has three key business areas: Wealth Management, Commercial Finance and Treasury. BLME is regulated by the Financial Conduct Authority and Prudential Regulation Authority and BLME DIFC Branch is regulated by the DFSA.

For more information please visit our website www.blme.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 10, 2018
UAE. After fantastic returns in 2017 everywhere, 2018 is a sea of red; Volatility rules, despite objective good news on the political front; Patience recommended as markets undershoot fundamentals.
date:Posted: December 10, 2018
UAE. Retail sales across four Gulf countries are projected to increase by more than US$24 billion over the next five years, according to new research from Euromonitor International; UAE's US$55 billion retail industry forecast to grow 16% by 2023.
date:Posted: December 9, 2018
UAE. When asked about their motivation for a new career, the most common reason was "to find their real passion" (57.7%), followed by “better compensation” (18.1%).
dhgate