Having received the Sharia certification, the Stellar Foundation will be working on developing Sharia-compliant applications using the Stellar technology for Islamic financial institutions.
Stellar, the seventh biggest blockchain platform is now the first distributed ledger technology (DLT) to have received a formal Sharia certification.
In the official press release on Tuesday, Stellar notes that it is the first cryptocurrency project that is compliant with the Islamic regulatory requirements.
The Shariyah Review Bureau (SRB), a leading international Sharia advisory agency and a Central Bank of Bahrain licensee has reviewed the applications and properties of Stellar and has provided guidelines for making Sharia-compliant applications using the Stellar technology for Islamic financial institutions.
The official announcement from Stellar read:
“In partnership with SRB, this certification will help grow the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles.
Having received the Sharia certification, the Stellar Foundation will be working on developing Sharia-compliant applications using the Stellar technology for Islamic financial institutions.
The post Stellar Foundation Becomes the First to Obtain Sharia Certification appeared first on CoinSpeaker.
The seventh-largest cryptocurrency by market cap, Stellar, gained global traction as a unique, decentralized value exchange protocol. Announced July 17, 2018, Stellar is the first cryptocurrency to receive Sharia compliance certification and integrate with Middle Eastern financial firms.
Stellar Obtains Sharia Certification For Tokenization Of Assets And Blockchain Payments. The Islamic market is huge around the world, so many companies try to get Sharia certification to be able to carve their place in their markets.
Stellar Foundation добилась сертификации блокчейна Stellar организацией Shariyah Review Bureau (SRB). Утверждается, что это первый случай получения сертификата соответствия законам шариата криптовалютным протоколом для денежных переводов.
Stellar, an open-source platform for distributed payments, is reportedly the first distributed ledger protocol to obtain Sharia compliance certification in the money transfer and asset tokenization field, according to a Stellar blog post published July 17.
Islamic scholars have given blockchain platform Stellar, and its native cryptocurrency Lumens, Islamic certification. The California-based startup was also given guidelines on the specific assets that can be traded using its blockchain by the Shariyah Review Bureau.
Today, Stellar announced it has obtained a Sharia compliance certification for the Stellar technology and network. The Shariyah Review Board (SRB), a leading international Sharia advisory agency licensed by the Central Bank of Bahrain, has reviewed the.
The Stellar (XML) Development Foundation has received a Sharia Certification for Payments and Asset Tokenization, making it the first Distributed Ledger Technology (DLT) to obtain the recognition.
Stellar Lumens has shown tremendous surges with weekly gains over 70% outclassing all other cryptocurrencies in the market. According to the weekly charts on CoinMarketCap, Stellar Lumens was trading at $0.
Блокчейн-стартап Stellar стал первым, кто получил сертификат соответствия законам шариата в Бахрейне. Об этом сообщили представители проекта в своем Twitter-аккаунте.
