Sustain Launches First Ever Shariah-Compliant Crypto Currency Exchange in the UAE

May 11, 2020 | Updated at May 11, 2020

United Arab Emirates (UAE)-based Sustain Exchange (Sustain) has unveiled the first Shariah-compliant cryptocurrency exchange in the country and is currently attracting investment through a security token offering (STO).

Sustain is also expected to establish a Shariah Advisory Board (SAB) within its structure, an autonomous body appointed by globally recognised Shariah scholars, to provide guidance on Shariah issues in order to ensure that Sustain conforms with Shariah principles at all times. By conforming to the strong ethical standards laid out by the Shariah community, Sustain aims to utilize the in-house SAB to ensure that Islamic Finance is finally included in the global crypto currency industry.