Bybit, one of the largest cryptocurrency exchanges by trading volume, has announced the launch of its Islamic Account, becoming the first global cryptocurrency exchange to offer such a service to Muslim traders worldwide.
Islamic Account Launch
Bybit’s Islamic Account offers a comprehensive suite of Shariah-compliant trading products, providing Muslim traders with an inclusive platform to engage in the digital asset market. Developed in consultation with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal, the account ensures adherence to Shariah principles.
Key Features
Key features of Bybit’s Islamic Account include global accessibility for all users, except in countries with legal restrictions, Shariah-compliant product offerings including spot trading with 75 Shariah-compliant tokens, DCA trading bot, and Spot Grid Bot, and double Shariah certification from Crypto Halal Certification and official Shariah certification from ZICO Holdings.
Significance for Islamic Economy
The Islamic economy serves about 1.9 billion people worldwide, with the Islamic finance sector currently estimated at $2.3 trillion. The Middle East, Africa, and South Asia (MEASA) region is expected to contribute to the sector's further expansion. By offering a Shariah-compliant trading platform, Bybit aims to provide Muslim traders with a trusted and reliable solution.
Bybit’s Islamic Account is a testament to the exchange’s dedication to diversity and inclusivity. By offering a Shariah-compliant trading environment, Bybit aims to break down barriers and create new opportunities for Muslim traders around the globe.
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