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The Shariyah Review Bureau (SRB) of the Central Bank of Bahrain has officially confirmed that XRP is suitable for their needs.

This recognition marks a major turning point for Ripple’s digital asset, boosting its status as a leading international payments solution and paving the way for broader adoption in Islamic finance markets. As one of the most reputable Shariah advisory organizations in the Middle East, the SRB ensures that financial products comply with Islamic law.

The bureau essentially certifies XRP’s use in financial services and transactions within Shariah-compliant regions and institutions by declaring it compliant.

This approval is important not only in Bahrain but also in Saudi Arabia, the United Arab Emirates, and other key Islamic finance centers. This milestone supports Ripple and the XRP Ledger’s goal to become a trustworthy cross-border payment system. Remittances from the Gulf and the Middle East are substantial.

With remittances from these regions totaling hundreds of billions of dollars annually, XRP’s Shariah compliance offers banks, fintechs, and businesses an affordable, legally compliant settlement option.

This approval aligns with the increasing institutional adoption of blockchain technology, according to market analyst Pumpius. As a utility token that links currencies and simplifies international payments, XRP is gaining credibility beyond speculation, helped by legal clarity in major jurisdictions and now by Shariah recognition.