News

Bybit Launches Islamic Account, Enabling Shariah-Compliant Trading

Muslim traders can now gain access to a global trading platform that is fully aligned with stringent Islamic legal standards.

Published

5 months ago

September 24, 2024

Nour Nasir

bybit launches islamic account enabling shariah compliant trading

Bybit, the world’s second-largest crypto exchange by trading volume, has unveiled its new Islamic Account, marking it as the first global cryptocurrency platform to provide Shariah-compliant services for Muslim traders. The innovative new account makes cryptocurrency trading more accessible to Islamic communities and ensures that all activity aligns with Shariah law.

The Islamic Account was created in collaboration with ZICO Shariah Advisory Services Sdn. Bhd. (ZICO Shariah) and CryptoHalal, guaranteeing that all Bybit services align with strict Islamic finance standards.

Key Aspects Of Bybit’s Islamic Account Include:

Global Availability: Accessible to users worldwide, except in regions where legal restrictions apply.
Shariah-Compliant Offerings: The platform features spot trading with 75 Shariah-compliant tokens, a DCA trading bot, and a Spot Grid Bot, all adhering to Islamic finance principles.
Double Shariah Certification: Bybit has secured certification from both Crypto Halal and ZICO Holdings, ensuring peace of mind for Muslim traders.

The Islamic economy serves nearly 1.9 billion people globally, with the Islamic finance sector alone valued at an estimated $2.3 trillion. The Middle East, Africa, and South Asia (MEASA) region is at the forefront of this growth, and Bybit’s introduction of a Shariah-compliant platform taps into this rapidly expanding market. The initiative offers Muslim traders a reliable, trustworthy solution to enter the cryptocurrency space without compromising their religious beliefs.

Also Read: Botim Launches MENA’s First-Ever “Send Now, Pay Later” Service

Joan Han, Bybit’s Sales & Marketing Director, expressed the company’s excitement, saying, “We are thrilled to introduce our Islamic Account, which represents a major milestone in our commitment to providing inclusive and accessible trading solutions. By partnering with Crypto Halal and ZICO Holdings, we have ensured that our offerings align with the principles of Islamic finance, empowering Muslim traders to participate in the growing cryptocurrency market”.

Bybit’s Islamic Account reflects the platform’s commitment to inclusivity and diversity, opening doors for Muslim traders and contributing to the global cryptocurrency market’s growth.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

4 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.