Bybit Hosts Groundbreaking Islamic Finance Forum: A Game-Changer for Shariah-Compliant Digital Assets

Dubai, United Arab Emirates, November 22nd, 2024, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, recently made waves by hosting a visionary Islamic Finance Forum. This landmark event brought together esteemed scholars, industry leaders, and key partners to delve into the evolving landscape of Shariah-compliant digital assets. The forum not only fostered collaborations but also underscored Bybit’s unwavering dedication to supporting Muslim investors through its cutting-edge Islamic Account.

Deepening Collaboration for a Brighter Future

Representatives from renowned entities such as Circle, Zand Bank, Fuze Finance, Palcoin, Takadao, and Dubai Blockchain Center joined forces at the forum. Their participation not only solidified existing partnerships but also laid the groundwork for future collaborations and innovations within the Islamic finance ecosystem.

Insights from Industry Pioneers

The forum featured insightful discussions led by Dr. Muhammad Abu Jazr, Founder of Crypto Halal, and Dr. Mohamad Mahdy, Founder and CEO of Exaado. These esteemed scholars shed light on the compatibility of cryptocurrency with Islamic jurisprudence, exploring the ethical responsibilities and opportunities for Shariah-compliant investment solutions in today’s rapidly growing digital economy. The engaging panel discussion covered crucial topics such as:

• The methodologies underpinning Bybit’s Shariah-compliant offerings.
• The pivotal role of the Muslim community in shaping the future of digital currencies.
• Strategies for ensuring compliance and transparency in Islamic cryptocurrency trading.
  

  Key Features of Bybit’s Islamic Account
  

  During the forum, Bybit elaborated on the key features of its Islamic Account, launched in September. This innovative offering caters to the unique needs of Muslim investors and includes:

• Shariah-Compliant Offerings: Access to spot trading of 76 certified Shariah-compliant tokens, Dollar-Cost Averaging (DCA), and Spot Grid Bots for strategic investment opportunities.
• Global Accessibility: Open to users worldwide, with exceptions for countries with specific legal restrictions.
• Double Shariah Certification: Certified by Crypto Halal Certification and ZICO Holdings, ensuring full compliance with Islamic principles.

  In the words of Michelle Daura, Head of the 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 collaboratively with the Islamic finance community, we aim to create lasting value for Muslim investors worldwide.”

  About Bybit
  

  Bybit stands as the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users globally. Established in 2018, Bybit offers a professional platform with an ultra-fast matching engine, 24/7 customer service, and multilingual community support. As a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, Bybit continues to push boundaries and drive innovation in the crypto space.

  For more information about Bybit, please visit the Bybit Press.

  For updates, follow Bybit’s Communities and Social Media platforms: Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, TikTok, X, and Youtube.

  Contact:
  Head of PR
  Tony Au
  tony.au@bybit.com

  This article was originally published on Chainwire.