Gross settlement systems represent a useful type of payment involving a huge amount of liquidity that requires a sophisticated level of efficiency and security so as to assure financial intermediaries that the liquidity circulates properly within the financial system.
As those type of payment system are also useful for the transactions of Islamic finance intermediaries, it is of utmost importance to find a solution to guarantee their compliance level with Shariah principles.
Find here the answers and considerations by our Managing partner, Prof. Stefano Loconte on IFN Volume 18 Issue 10 – dated the 10th March 2021.