fbpx
Connect with us

Announcement

Bybit Launches the World’s First Shariah-Compliant Crypto Exchange Account

Published

Bybitislamic Header
Source: Provided to WOB

Bybit, a global leader in cryptocurrency exchange, proudly announces the launch of the world’s first Shariah-compliant Islamic Account. Developed in close collaboration with prominent Shariah scholars, this pioneering account allows Muslim traders to participate in the cryptocurrency market with full alignment to Islamic financial principles. Bybit partnered with CryptoHalal and ZICO Shariah to ensure that the Islamic Account adheres to Shariah principles.

The Bybit Islamic Account is an industry-first, making cryptocurrency trading accessible, ethical, and transparent for Muslim users worldwide.

Bybit co-founder and CEO Ben Zhou announced on X (formerly Twitter) the launch of the Crypto Islamic account, highlighting that this includes access to spot trading of Shariah-compliant tokens, a Dollar-Cost Averaging (DCA) bot, and a spot grid bot, giving users access to a range of Shariah-compliant trading tools right from the start.

Bybit Twitter X Post Ben

 

Key Features of the Bybit Islamic Account:

a) Pioneering Faith-Based Trading

Bybit is the first global cryptocurrency exchange to introduce a fully Shariah-compliant account, designed with the guidance of respected Shariah scholars. The Islamic Account adheres to strict Islamic finance principles, offering an ethical trading environment for Muslim investors.

 

b) Ethical and Transparent

With no interest charges, no hidden fees, and a commitment to full transparency, the Bybit Islamic Account aligns with Islamic values to ensure a genuinely ethical trading experience.

 

c) Global Access for Muslim Traders

The Islamic Account is available to Muslim users around the world, breaking barriers and making ethical cryptocurrency trading more accessible than ever.

 

d) Comprehensive Initial Offerings

In addition to spot trading of Shariah-compliant tokens, the account provides access to Dollar-Cost Averaging (DCA) and spot grid bots, offering users a suite of tools that maintain adherence to Islamic finance principles.

 

Muslim users worldwide can now open their Bybit Islamic Accounts. To learn more about the Bybit Islamic Account and how it complies with Shariah principles, visit here.

 

Also read: Tenant in Sarawak Caught Stealing Electricity to Mine Bitcoin in Bedroom, Now in Hiding

Collage 23

Source: @benbybit

Just In

Collage 21 Collage 21
News6 hours ago

“Allah planned it this way” – Kelantan Deputy MB Responds to Arrest of Kelantanese Singer in Thailand

Just recently, a Kelantanese singer with 5 other individuals was arrested by Thai Police. 6,000 meth pills were also found...

My Post 1 2024 11 04T150004.665 My Post 1 2024 11 04T150004.665
News9 hours ago

Anthony Loke: Govt Will Cease The Sales & Registration of NGV Nationwide Starting July 2025

Starting from July 1, 2025, all vehicles using natural gas (NGV) will no longer be allowed to be registered or...

Collage 14 1 Collage 14 1
News9 hours ago

Zahid Hamidi: Johor to Introduce RM4K Starting Salary for Skilled Workers with Diploma, RM5K for Degree

The launch of the Johor Talent Development Council (JTDC) has made Johor the first state in Malaysia to establish a...

Feat Image Jail Ic Feat Image Jail Ic
News10 hours ago

This Controversial Law Can Land M’sians Up to 5-Year Jail, RM50K Fine Just for Not Having MyKad with Them

There have been many viral stories in the past about Malaysians finding themselves in trouble with the authorities for not...

My Post 1 2024 11 04T122638.683 My Post 1 2024 11 04T122638.683
News11 hours ago

M’sian Teenager Sentenced to Life in Prison in the UK for Attacking Sleeping Schoolmates with Hammer

A Malaysian teenager has been sentenced to life in prison in the United Kingdom (UK) after he attacked 2 of...

Collage 13 1 Collage 13 1
News11 hours ago

After 5 Months, Bodyguard Who Allegedly Assaulted OKU E-Hailing Driver Will be Charged in KL High Court

In an incident that occurred in May, a Malaysian e-hailing driver with a disability was reportedly punched by an escort...

Collage 12 1 Collage 12 1
News13 hours ago

Moo Deng, The Cute Baby Hippo Taking World by Storm, Wins Video of the Year at TikTok Awards Thailand!

Moo Deng has blown up on TikTok, where her cute videos have racked up millions of views. With her chubby...

Feat Image Tgif Feat Image Tgif
News1 day ago

Popular Restaurant Chain TGI Fridays Files for Bankruptcy Due to Prolonged Financial Challenges

Popular restaurant chain TGI Fridays has filed for bankruptcy in the United States after suffering prolonged financial challenges and a...

Announcement

Latest Videos

TRENDING TODAY