Tag Archives: Sharia

Does a cryptocurrency fall into the haram or halal category? This is a question many Islamic followers have been trying to figure out as they’re intrigued by crypto, yet they’re worried if it will somehow go against their religious beliefs. Which Assets are Halal? In regions such as Saudi Arabia, cryptocurrency is constantly undergoing tests to see if it is Sharia compliant. Many believe it to be no different than gambling, which goes against Islamic law. There are also...

The Central Bank of Bahrain (CBB) is a fan of cryptocurrency. So much so that the firm is now unveiling Coin MENA, a new cryptocurrency exchange.Coin MENA Is Here for All Eager TradersWhat’s the big clincher? The exchange is compliant with Sharia law. The trading platform has recently received its new “Crypto Asset Services Company License – Category Two” and will begin paving a path for users to trade, purchase and sell digital currencies within the Middle Eastern nation of Bahrain.The firm...