Bringing Sharia-compliant Blockchain to the Gulf Region: Aleph Zero Receives Sharia Compliance Certification

We’re thrilled to announce that Aleph Zero has received official Sharia compliance certification from the esteemed Shariyah Review Bureau (SRB). This achievement marks a pivotal step for Aleph Zero as we expand further into Gulf Cooperation Council (GCC) markets, offering blockchain solutions that align with Sharia principles. Here’s a breakdown of what this means and why it’s so significant for Aleph Zero’s development in the region.

Key takeaways:

Although there’s more that comes with this announcement, it effectively communicates that:

• Aleph Zero has obtained Sharia Compliance Certification from the Shariyah Review Bureau, which means that Aleph Zero’s operations, products, and finances comply with the ethical principles of Islam.
• This offers clear guidance to the Muslim community, setting up Aleph Zero for growth in the Gulf Cooperation Council markets.
• It also addresses the needs of the region for Shariah-compliant products that can be introduced utilizing Aleph Zero’s and Common’s products.

Raising Aleph Zero’s profile in the GCC as a privacy-driven blockchain that meets Sharia standards

Through SRB’s guidance, we’ve ensured our network aligns with Sharia principles, making it a powerful and compliant tool for Islamic finance applications on-chain. SRB is regulated by the Central Bank of Bahrain and is a leader in the provision of Sharia advisory and certification services across a wide range of sectors, which include finance, fintech, and insurance. 

Blockchain technology stands to transform the financial landscape, in many ways that remains to be seen and we’re pleased to work with Aleph Zero as they expand their services in a way that aligns with Sharia principles. Our ongoing efforts are focused on delivering reliable Sharia assurance to a pioneering project like Aleph Zero, supporting the growth of finance in the blockchain space.

Yasser S. Dahlawi, Shariyah Review Bureau (SRB) CEO

DeFi, Islamic finance, and a Sharia-compliant digital future

By obtaining Sharia compliance, Aleph Zero is driving dApps and (DeFi) solutions that align with Sharia values—unlocking opportunities in regions where blockchain interest is surging. With support from SRB and its nearly 20 years of experience, Aleph Zero is helping to bridge traditional finance with DeFi for a Sharia-compliant digital future. 

Positioning Aleph Zero to better serve current and future partners in the GCC—and drive web3 growth

Achieving Sharia compliance is a big step for Aleph Zero, which will enable us to better serve our current and future partners in the region. For example, we are already partnered with stc Bahrain—the fastest-growing and most innovative Telecom operator in Bahrain. 

Aleph Zero is helping stc Bahrain explore DePIN use cases as part of the telecom provider’s Pearling Path initiative, a Web3 Launchpad Program designed to accelerate Web3 adoption in the Middle East. What’s more is that as part of the expansion in the region, Shariah-compliant products are now possible.

As blockchain adoption grows globally, privacy, security, and scalability remain key challenges. Aleph Zero’s innovative technology and partnership with SRB and regional firms aim to drive Web3 adoption in the region and address these pain points.

Antoni Żółciak, Co-Founder of Aleph Zero

We’re looking forward to expanding Aleph Zero’s reach in the GCC together with stc Bahrain—and making a positive impact on the digital economy of the region. Stay tuned for more updates and learn more about Aleph Zero’s Sharia compliance certification here.