Not that I know anything about Shariah law, but I would have thought a Shariah-compliant FX trading platform would be a long way off. But no, Bank of London and The Middle East (BLME) has announced “the launch of BLMEFX, one of the world’s first Shariah-compliant web-based FX trading platforms to provide clients with direct access to multiple currencies in order to undertake overseas transactions.” Note the words: “one of the first” – it’s obviously been done before; shamefully, your correspondent doesn’t know any more than that.
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