XRP Makes Fresh History In Bahrain. Here's the Latest

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Ripple’s XRP has reached another regulatory milestone after receiving official Shariah-compliant certification in Bahrain, a development that could strengthen its position within the global Islamic finance industry.

Crypto content creator John Squire highlighted the achievement in a post on X, describing it as a historic moment that opens the door to the estimated $2 trillion Islamic finance market and represents another step toward wider institutional adoption.

The certification marks more than a symbolic achievement. It provides religious and compliance validation that could enable Islamic financial institutions to consider XRP for services and investment activities aligned with Shariah principles. An area that has traditionally presented barriers for many digital assets.

Certification Issued by Bahrain’s Shariyah Review Bureau

The certification was granted by the Shariyah Review Bureau (SRB), a leading Islamic finance advisory firm that is licensed and regulated by the Central Bank of Bahrain. Following its assessment, the SRB confirmed that both XRP and the XRP Ledger (XRPL) comply with key principles of Islamic finance.

According to the bureau’s analysis, XRP does not involve riba, or interest, because it operates through a consensus-based blockchain rather than interest-bearing lending mechanisms.

The review also concluded that XRP avoids excessive uncertainty known as gharar and gambling, called maysir, because it serves a practical function as a bridge currency for cross-border payments rather than existing solely for speculative purposes.

The bureau recognized XRP’s role in facilitating faster and lower-cost transfers between fiat currencies, identifying this operational utility as an important factor in its compliance assessment.

What the Certification Means for Ripple

In his post, John Squire stated that the certification gives Ripple access to the massive Islamic finance sector, describing it as an important step toward broader institutional adoption.

While the certification does not guarantee immediate use across every Islamic financial institution, it removes a major religious compliance obstacle that previously limited XRP’s eligibility for many organizations operating under Shariah guidelines.

Islamic banks, investment funds, and asset managers often require formal approval from recognized Shariah advisory bodies before they can hold or utilize financial products. With the SRB’s certification in place, Ripple has cleared one of the key requirements for institutions that recognize the bureau’s rulings.

A Strong Position in the Middle East

Although Bahrain is an established center for Islamic fintech, the certification does not automatically extend across every country in the Gulf region.

Markets such as Saudi Arabia and the United Arab Emirates maintain their own regulatory authorities and Shariah supervisory boards, meaning Ripple may still need additional approvals before XRP can achieve similar recognition in those jurisdictions.

Even so, the certification represents a notable compliance milestone in the Middle East. It gives XRP a distinction that relatively few major cryptocurrencies currently possess and may strengthen Ripple’s efforts to expand its institutional presence in Islamic finance.

As John Squire emphasized, the development reflects more than a headline announcement and reinforces Ripple’s efforts to position XRP for broader adoption within regulated financial markets.

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