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Shariyah Review Bureau (SRB)
Bahrain Shariah Advisory
"Certified various cryptocurrency exchanges as Shariah-compliant."
Shariyah Review Bureau (SRB) of Bahrain, licensed by the Central Bank of Bahrain as a Shariah advisory firm, published a 2018 research paper concluding that cryptocurrencies can be Shariah-compliant if structured correctly.
The SRB certified the Rain cryptocurrency exchange and CoinMENA as Shariah-compliant digital asset exchanges. Their key principle: it would be "inaccurate to give one ruling for all cryptocurrencies" — each must be assessed individually.