AX Coin, a subsidiary of Solowin Holdings (Nasdaq: AXG), has announced that its AXBHD stablecoin has received Sharia compliance certification, becoming the first stablecoin regulated by the Central Bank of Bahrain (CBB) to achieve this milestone.<\/p>\n\n\n\n
The certification follows a comprehensive Sharia review conducted by Shariyah Review Bureau (SRB), a Sharia advisory and audit firm licensed by the Central Bank of Bahrain. <\/p>\n\n\n\n
The review covered the stablecoin’s issuance mechanism, reserve investment framework, governance structure, and revenue model to ensure full compliance with the principles of Islamic finance.<\/p>\n\n\n\n
As part of the partnership, SRB will also provide ongoing Sharia governance oversight, supporting AX Coin as it expands its portfolio of regulated stablecoin offerings.<\/p>\n\n\n\n
Javier Jorge, Managing Director of AlloyX Limited and CEO of AX Coin, said :<\/p>\n\n\n\n
\n“the certification marks a significant milestone for the company and reflects its commitment to developing trusted digital financial products built on transparency, strong governance, and Islamic finance principles ahead of the stablecoin’s official launch.<\/p>\n<\/blockquote>\n\n\n\n
Commenting on the partnership, Yasir S. Dahlan, Founder and CEO of Shariyah Review Bureau: said:<\/p>\n\n\n\n
\n” regulated stablecoins represent an important step in the evolution of digital finance by combining the efficiency of blockchain technology with robust regulatory compliance”. <\/p>\n<\/blockquote>\n\n\n\n
He added that strong Sharia governance will play a key role in strengthening institutional confidence in Sharia-compliant digital asset solutions.<\/p>\n\n\n\n
Dahlan noted that SRB’s collaboration with AX Coin aims to support the responsible growth of Bahrain’s digital asset ecosystem through innovative financial products grounded in the principles of Islamic finance.<\/p>\n","protected":false},"excerpt":{"rendered":"
AX Coin, a subsidiary of Solowin Holdings (Nasdaq: AXG), has announced that its AXBHD stablecoin has received Sharia compliance certification, becoming the first stablecoin regulated by the Central Bank of Bahrain (CBB) to achieve this milestone. The certification follows a comprehensive Sharia review conducted by Shariyah Review Bureau (SRB), a Sharia advisory and audit firm […]<\/p>\n","protected":false},"author":11,"featured_media":72301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1811],"tags":[13288,13289],"class_list":["post-72303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-ax-coin","tag-e-central-bank-of-bahrain"],"acf":[],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=72303"}],"version-history":[{"count":1,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72303\/revisions"}],"predecessor-version":[{"id":72304,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/72303\/revisions\/72304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/72301"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=72303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=72303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=72303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}