As The First Blockchain Protocol to Receive The Sharia Compliance Certification, The Stellar Network is Poised to Enable Greater Global Financial Access and Inclusion
Certification Will Drive Growth for Stellar Network with Financial Institutions in the Persian Gulf and Southeast Asia
San Francisco, CA. July 17, 2018 — Stellar.org, a nonprofit that promotes financial access and inclusion, today announced that it has received Sharia compliance certification for the Stellar network. The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has reviewed the properties and applications of the Stellar network and has promulgated guidance and guidelines that enable Shari’a compliant applications of Stellar technology in Islamic financial institutions.
Stellar is the first blockchain protocol to receive Sharia compliance certification in the money transfer and asset tokenization space. Additionally, the Sharia compliance certification extends to applications and usages of lumens (XLM)...Keep Reading