IOTA Token Achieves Shari’a Compliance, Certified by Cambridge Institute

• IOTA Token’s Shari’a certification from the Cambridge Institute boosts trust and growth, especially in the Middle East.
• Compliance with Islamic principles positions IOTA strongly in the global regulatory landscape.

As described in a recent IOTA blog, the IOTA Token has received Shari’a certification from the Cambridge Institute of Islamic Finance, affirming its adherence to Islamic principles and legal requirements.

This certification, effective from July 15, 2024, includes a Shari’a Governance Framework and annual compliance checks, aimed at fostering trust and growth in the Middle East and beyond.

According to an update shared by IOTA on their X account, the certification of the IOTA Token as Shari’a-compliant marks a significant achievement.

Exciting news! The #IOTA Token is now Shari’a-compliant, certified by @cambridgeifa. This ensures adherence to Islamic principles and legal requirements, fostering trust and growth in IOTA in the Middle East and globally . https://t.co/VI5tvdKkE9 1/4 pic.twitter.com/VYfYgQjf8H

— IOTA (@iota) August 6, 2024

This compliance ensures the token adheres to Islamic principles and legal standards, which is crucial for fostering trust and growth, especially in the Middle East. The update emphasizes the importance of such compliance in today’s regulatory landscape for globally present tokens like IOTA.

Mirroring the IOTA Token price soaring by 50% following historic ADGM registration in Abu Dhabi, as we discussed earlier, following this development, IOTA is trading at the price of $0.128, surged by 2.29% in the past day with an 18.53% decrease in the past week. See IOTA Price chart below.