Solowin subsidiary AX Coin Bahrain secures Sharia certification for AXBHD stablecoin framework
SWIN•Ongoing governance framework
The engagement set an ongoing Sharia governance framework as AX Coin Bahrain expands its regulated stablecoin offerings.
Sharia certification for AXBHD framework
Solowin Holdings’ stablecoin issuer AX Coin Bahrain completed a Sharia review for its AXBHD stablecoin framework and documentation.
AXBHD was positioned as the first central bank regulated stablecoin to receive Sharia certification. Shariyah Review Bureau reviewed AXBHD’s issuance mechanism, reserve investment framework, governance arrangements, and revenue model.
