Bybit Enhances Collaboration and Advances Islamic Finance

Bybit Strengthens Partnerships and Advances Islamic Finance

Bybit, recognized as the world's second-largest cryptocurrency exchange by trading volume, recently hosted a notable Islamic Finance Forum. This exclusive event gathered renowned scholars and industry leaders to delve into Shariah-compliant digital assets, affirming Bybit's commitment to Muslim investors via its innovative Islamic Account.

Collaboration with Industry Leaders

The forum saw participation from multiple organizations, including Circle, XRP, Zand Bank, Fuze Finance, Palcoin, Takadao, and the Dubai Blockchain Center. By uniting these key partners, Bybit focused on laying the groundwork for future collaboration and innovation within the Islamic finance sector.

Insights from Esteemed Scholars

During the forum, esteemed figures like Dr. Muhammad Abu Jazr, Founder of Crypto Halal, and Dr. Mohamad Mahdy, Founder and CEO of Exaado, shared their perspectives on integrating cryptocurrency within Islamic jurisprudence. Their discussions revolved around ethical responsibilities and opportunities for Shariah-compliant investment solutions amid a rapidly evolving digital economy.

Panel Discussion Highlights

The forum included a lively panel discussion addressing several crucial topics:

• The important methodologies supporting Bybit's Shariah-compliant offerings.
• The vital role of the Muslim community in shaping digital currency's future.
• Strategies for ensuring compliance and transparency in Islamic cryptocurrency trading.

Key Features of Bybit’s Islamic Account

Bybit’s Islamic Account, introduced recently, was a central point of discussion during the forum, with an emphasis on catering to the unique needs of Muslim investors. Some of the key features include:

• Shariah-Compliant Offerings: Investors can access spot trading for 76 certified Shariah-compliant tokens. Additionally, tools like Dollar-Cost Averaging (DCA) and Spot Grid Bots contribute to strategic investment opportunities.
• Global Accessibility: This account is available to users worldwide, with some exceptions based on legal restrictions.
• Double Shariah Certification: These offerings have undergone rigorous reviews and certifications from Crypto Halal Certification and ZICO Holdings to guarantee compliance with Islamic principles.

“We are thrilled to gather thought leaders and collaborators at this forum, fostering dialogue around the convergence of Islamic finance and cryptocurrency,” shared Michelle Daura, Head of Wealth Business Unit at Bybit. “Our Islamic account marks a significant milestone as we strive to offer inclusive, ethical, and Shariah-compliant digital asset solutions. By collaborating with the Islamic finance community, we aspire to create enduring value for Muslim investors globally.”

About Bybit

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, boasts over 50 million users. Established in 2018, Bybit offers a professional platform characterized by an ultra-fast trading engine, round-the-clock customer service, and multilingual community support. The exchange is also proud to be associated with Formula One’s reigning champions: the Oracle Red Bull Racing team.

Contact Information

For media inquiries, reach out to: Tony Au at tony.au@bybit.com

Frequently Asked Questions

What is the purpose of Bybit's Islamic Finance Forum?

The forum aims to discuss Shariah-compliant digital assets and strengthen partnerships within the Islamic finance ecosystem.

Who participated in the forum?

Key participants included organizations like Circle, XRP, Zand Bank, and notable scholars in Islamic finance.

What features does Bybit’s Islamic Account offer?

It includes Shariah-compliant offerings, global accessibility, and double certification for compliance with Islamic principles.

How does Bybit support Muslim investors?

Bybit provides innovative solutions, tailored accounts, and partnerships that focus on ethical investments aligned with Shariah laws.

What is Bybit known for?

Bybit is recognized as a leading cryptocurrency exchange with a focus on delivering a professional trading platform and comprehensive customer support.

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