Dubai, United Arab Emirates, November 22nd, 2024,
Chainwire
Bybit, the world’s second-largest cryptocurrency
exchange by trading volume, hosted a groundbreaking Islamic Finance
Forum, bringing together renowned scholars, industry leaders, and
key partners to discuss the evolving landscape of Shariah-compliant
digital assets. The forum deepened collaborations and highlighted
Bybit’s commitment to supporting Muslim investors through its
innovative Islamic Account.
Representatives from Circle, XRP, Zand Bank, Fuze Finance,
Palcoin, Takadao and Dubai Blockchain Center participated in the
forum, strengthening the foundation for future collaboration and
innovation within the Islamic finance ecosystem.
Insightful Discussions from Esteemed
Scholars:
Dr. Muhammad Abu Jazr, Founder of Crypto Halal and Dr. Mohamad
Mahdy, Founder and CEO of Exaado, shared perspectives on the
compatibility of cryptocurrency with Islamic jurisprudence. Their
discussions explored the ethical responsibilities and opportunities
for Shariah-compliant investment solutions in the rapidly growing
digital economy. The forum featured an engaging panel discussion
that explored:
- The critical methodologies underpinning Bybit’s
Shariah-compliant offerings.
- The Muslim community’s pivotal role in shaping the future of
digital currencies.
- Strategies for ensuring compliance and transparency in Islamic
cryptocurrency trading.
Key Features of Bybit’s Islamic Account
Bybit’s Islamic Account,
launched earlier in September, was further elaborated during the
forum, showcasing how it addresses the unique needs of Muslim
investors. Key features include:
- Shariah-Compliant Offerings: Access to spot
trading of 76 certified Shariah-compliant tokens, along with
Dollar-Cost Averaging (DCA) and Spot Grid Bots, providing strategic
investment opportunities.
- Global Accessibility: Open to users worldwide,
except in countries with specific legal restrictions.
- Double Shariah Certification: Rigorously
reviewed and certified by Crypto Halal Certification and ZICO
Holdings, ensuring full compliance with Islamic principles.
“We are proud to convene thought leaders and partners
at this forum, fostering dialogue around the convergence of Islamic
finance and cryptocurrency,” said Michelle Daura, Head of
Wealth Business Unit at Bybit. “Our Islamic account
represents a milestone in our journey to provide inclusive,
ethical, and Shariah-compliant digital asset solutions. By working
together with the Islamic finance community, we aim to create
lasting value for Muslim investors worldwide.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest
cryptocurrency exchange by trading volume, serving over
50 million users. Established in 2018, Bybit provides a
professional platform where crypto investors and traders can find
an ultra-fast matching engine, 24/7 customer service, and
multilingual community support. Bybit is a proud partner of Formula
One’s reigning Constructors’ and Drivers’ champions: the Oracle Red
Bull Racing team.
For more details about Bybit, please visit Bybit Press
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For more information, please visit: https://www.bybit.com
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Contact
Head of PR
Tony
Au
tony.au@bybit.com