The Central Bank of Bahrain’s Shariyah Review Bureau (SRB) has confirmed that XRP, the digital asset issued by Ripple, is Shariah compliant aligned Islamic financial principles.

The Central Bank of Bahrain SRB’s endorsement positions XRP as a Shariah-compliant settlement solution for cross-border payments, particularly in regions with substantial remittance flows. Gulf and Middle Eastern remittances exceed hundreds of billions of dollars annually, and XRP’s low-cost, transparent infrastructure offers banks, fintechs, and enterprises a legally compliant alternative to traditional systems Shariah-Compliant XRP.

According to the press release, this aligns with Ripple’s broader strategy to establish the XRP Ledger as a trusted cross-border payment network, leveraging its functional utility over speculative appeal

For Ripple, the certification unlocks new opportunities in the $2 trillion Islamic finance industry. XRP’s approval now enables institutions to integrate Ripple’s technology into remittance corridors, interbank settlements, and even Shariah-compliant investment funds. Analysts highlight that this development could catalyze partnerships with Gulf banks and fintech startups, leveraging the region’s large remittance corridors.

In July 2025, the Central Bank of Bahrain (CBB) issued the full stablecoin regulation and is offering licenses to stablecoin issuers, custodians, for fiat backed stablecoins that could be either in Bahraini Dinar or United States Dollars or any other fiat currency acceptable to the CBB.