The decentralized platform Stellar outperformed Litecoin in the rating of cryptocurrencies by capitalization and stepped up to the fifth line. Within a week, the price of XLM jumped more than 1.5 times.

Stellar is one of the main heroes of the last week on the cryptocurrency market. Within the last 7 days, the price of cryptocurrency rose from 0.00002912 BTC to 0.00004131 BTC. Stellar's capitalization in a week jumped from $3.4 billion to $5.8 billion.

The growth of XLM's price was provoked by the latest reports that the Stellar project became the first cryptocurrency to receive Islamic certificate of compliance with the Shariyah law. This week the Stellar Development Foundation announced that the Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by Bahrain’s central bank, certified Stellar as a Shariyah-compliant cryptocurrency suitable to make remittances and tokenize assets of the real world.

According to the foundation, the certificate from SRB will allow Stellar to establish partnerships with Islamic financial institutions in the Middle East and South-East Asia.

“We have been looking to work with companies that facilitate remittances, including in the United Arab Emirates, Saudi Arabia and Bahrain. Its a huge market,” said Lisa Nestor, director of partnership at Stellar.