The new service combines the convenience of banking with the opportunities of virtual assets
Rakbank recently announced that Rakbank Islamic customers can buy, sell and hold Bitcoin through Bitpanda’s regulated virtual asset trading platform directly from the Rakbank mobile app.
The new service combines the convenience of banking with the opportunities of virtual assets, allowing customers to access Bitcoin through Rakbank Islamic while transacting directly from their current or savings account in UAE dirhams.
As interest in virtual assets continues to grow, customers are increasingly looking for ways to participate through trusted and transparent channels that align with their personal values.
Rakbank’s new offering provides customers with a simple and convenient way to access Bitcoin through a trusted banking experience that aligns with their values and financial preferences.
Seamless access
Through the Rakbank app, customers can seamlessly access Bitcoin through the Islamic Banking platform, supported by secure infrastructure and the confidence of banking with Rakbank.
The service is delivered through Bitpanda Broker MENA DMCC, Bitpanda’s Dubai Virtual Assets Regulatory Authority (VARA)-regulated entity, while Rakbank facilitates seamless access through its mobile banking app in accordance with Shari’ah principles.
“By combining the convenience of everyday banking with responsible access to virtual assets, we are giving customers greater confidence, clarity and control as they explore this emerging asset class,” commented Vikas Suri, Managing Director, Wholesale Banking Group–Products, Rakbank.
