Dubai’s Islamic Affairs and Charitable Activities Department (IACAD) — the government agency responsible for supervising religious and charitable work in the emirate — has officially approved a new regulated service that lets approved charities accept donations in Bitcoin and other cryptocurrencies.
🔹 What’s Happening?
IACAD has launched a virtual asset donation framework, enabling licensed charitable organisations in Dubai to receive Bitcoin and other digital currency donations.
The initiative is part of Dubai’s broader digital transformation strategy, aiming to modernise philanthropy and keep pace with emerging financial technologies.
🔹 Why It Matters for Markets
Crypto adoption gains credibility: Dubai’s official acceptance of cryptocurrency donations adds another institutional use-case for Bitcoin and other digital assets, potentially boosting confidence among investors and donors alike.
Enhanced transparency: The regulated framework includes compliance policies designed to protect donors and ensure proper handling of virtual assets, addressing common concerns about fraud and misuse.
Global trend alignment: This move mirrors growing international interest in using blockchain for philanthropy and fundraising — a sector where digital currency donations have steadily increased.
🔹 Official Guidance & Implementation
Charities must apply for approval under the new rules to begin accepting crypto donations.
IACAD has also held introductory workshops to help organisations understand operational requirements, compliance standards, and risk management related to virtual assets.
Dubai’s move to allow Bitcoin donations through its Islamic Affairs Department marks a notable step in blending traditional charitable work with blockchain-driven financial innovation. The change strengthens the city’s position as a hub for both technological advancement and humanitarian funding, while adding an exciting institutional use-case for Bitcoin and other cryptocurrencies in regulated environments.
