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LiquidX completes first Sharia-compliant transaction

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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,” says Zane Baring (pictured), 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.

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