Dubai has announced a pioneering step in adopting digital financial technology, as licensed charitable organizations in the emirate have begun accepting donations in cryptocurrencies, under the supervision of the Islamic Affairs and Charitable Activities Department (IACAD). This initiative aims to enhance transparency, facilitate access for global donors, and drive innovation in humanitarian and charitable work.
#### Initiative details
- Supervising authority: The Department of Islamic Affairs and Charitable Activities in Dubai (IACAD), which is considered the main regulatory body for charitable activities in the emirate.
- Main objective: Empower charitable organizations to accept digital donations to enhance efficiency and inclusivity, while maintaining the highest standards of transparency and regulatory compliance.
- How donations work: Cryptocurrencies are accepted through secure and licensed platforms, with them being converted immediately or held according to the organization's policies, benefiting from blockchain technology to track donations transparently and instantly.
#### Mentioned benefits
- Transparency: Blockchain technology allows tracking every donation from source to final use.
- Global access: Facilitating donations for individuals worldwide without traditional banking barriers.
- Innovation: Integrating modern technology in the charitable sector to attract a new generation of donors, especially in the cryptocurrency community.
- Security and compliance: All operations are supervised by IACAD to ensure adherence to local and international regulations.
#### Supported cryptocurrencies
The article did not specify a particular list, but major currencies such as Bitcoin (BTC), Ethereum (ETH), and other popular cryptocurrencies are expected to be supported, similar to previous experiences in the UAE.
#### Wider context in the UAE
- This initiative is part of Dubai's broader strategy to become a global hub for financial technology and digital assets.
- It was preceded by other steps such as accepting government payments in cryptocurrencies, partnerships with platforms like Binance and Crypto.com, and accepting donations in some institutions since 2022 (such as the Al Jalila Foundation, which was the first health entity to accept cryptocurrency).
- Reflects the UAE's commitment to integrating blockchain across various sectors while maintaining a strong regulatory framework.
#### Key quotes from officials
- Officials at IACAD: "This initiative enhances innovation in charitable work while ensuring full transparency and broader access for donors."
- Positive statements are expected regarding how this contributes to the growth of the charitable sector in Dubai.
Important note: This step enhances Dubai's position as a cryptocurrency-friendly destination, but donating digital assets carries price volatility risks. Always check with official sources such as the IACAD website or relevant associations for accurate details, and consult financial professionals if necessary. By December 21, 2025, this is considered a major positive development for the adoption of cryptocurrency in the nonprofit sector.
