Dubai, UAE: Bybit, the second-largest cryptocurrency exchange by trading volume, has launched its groundbreaking Islamic Account, becoming the first global crypto platform to offer a Shariah-compliant trading solution. This marks a significant leap in the crypto industry, allowing Muslim traders around the world to engage in digital assets while staying true to Islamic law.
Bybit developed the Islamic Account in collaboration with ZICO Shariah Advisory Services Sdn. Bhd. and CryptoHalal. These partnerships ensure that the account fully complies with Shariah principles. The platform provides a range of Shariah-compliant products, creating a secure and inclusive environment for Muslim traders to participate in the rapidly growing digital asset market.
Key Features of Bybit’s Islamic Account:
- Global Reach: Available to users worldwide, except in regions with legal restrictions.
- Shariah-Compliant Offerings: Initially includes spot trading (with 75 Shariah-compliant tokens), DCA trading bot, and Spot Grid Bot.
- Double Certification: Certified by both Crypto Halal and ZICO Holdings, reinforcing strict adherence to Islamic finance principles.
As the Islamic economy grows—serving nearly 1.9 billion people globally—the demand for Shariah-compliant financial solutions is rising. The Islamic finance sector, currently valued at $2.3 trillion, is booming across the Middle East, Africa, and South Asia (MEASA) regions. With this new Islamic Account, Bybit is positioning itself as a leading player in this expanding market, providing Muslim traders with a trusted platform to engage in Shariah-compliant crypto trading.
Joan Han, Sales & Marketing Director at Bybit, highlighted the significance of the launch, stating, “We’re excited to offer our Islamic Account, reflecting our commitment to accessible and inclusive trading solutions. By partnering with Crypto Halal and ZICO Holdings, we’ve ensured our products align with Islamic finance principles, empowering Muslim traders to confidently enter the growing cryptocurrency space.”
Bybit’s Islamic Account is a clear step towards promoting diversity and inclusion in the digital economy, offering Muslim traders a compliant and innovative way to participate in the global crypto landscape.
