Mubasher: X8 Currency has announced that it has been certified for Sharia compliance by the Shariyah Review Bureau (SRB).
X8 is a Blockchain based digital currency that was the first to receive the certification for its ARM-AI (Automatic Reserve Management, Artificial Intelligence) driven portfolio which preserves value with its 100% backed reserves of eight major fiat currencies, namely USD, CHF, EUR, GBP, JPY, AUD, NZD, CAD, and gold.
This basket of fiat currencies and gold helps create safety and the strong foundation necessary for a digital currency, while the ARM-AI helps find the best exchange rates for the elements in the reserve.