UAE’s Fasset Partners with Indonesia’s Kitabisa to Enable Crypto-Based Zakat Payments

UAE’s Fasset Partners with Indonesia’s Kitabisa to Enable Crypto-Based Zakat Payments

In an innovative step for Islamic finance, Salam Setara Amil Zakat Institution, a Kitabisa zakat distribution partner, has teamed up with Dubai-based cryptocurrency trading platform Fasset to launch cryptocurrency-based zakat payments in Indonesia. An important step toward incorporating blockchain technology into Islamic generosity has been taken with this effort, which allows Indonesian cryptocurrency users to use USDT (Tether) to satisfy their...

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