In a groundbreaking leap, Ruya has emerged as the world’s first Islamic bank to venture into crypto investments, offering direct access to assets like Bitcoin through its user-friendly mobile app.
This strategic partnership with Fuze, a UAE-based virtual asset expert, brings Shari’ah-compliant options to the table, blending ancient ethical principles with modern tech.
Imagine crypto not as a wild casino game, but like picking ethical stocks in a community garden—fun, but with rules to keep things fair.
At its core, Ruya guarantees all investments dodge the pitfalls of speculation, or “gharar,” which Islamic finance frowns upon as risky guesswork.
Think of it this way: it’s like trading baseball cards instead of betting on games; no hidden tricks, just straightforward value.
Technically, every digital asset gets a thorough vetting from Shari’ah advisory boards, focusing on transparency and avoiding usury, or “riba,” to build wealth the honest way.
Seamlessly integrated into Ruya’s mobile app, users can buy and sell crypto with ease, backed by real-time security features.
It’s like having a digital vault in your pocket—convenient, but with Fuze’s robust infrastructure to ward off cyber gremlins.
In the UAE, where virtual assets surged to over $30 billion by mid-2024, this launch taps into booming demand, outpacing regional growth and positioning the country as a digital finance hotspot.
Ruya’s vision? To fuse tech with ethical banking, creating sustainable opportunities without the drama of volatile markets.
Sure, it’s a big step, but as leaders note, it’s about smart innovation, not chasing hype.
The bank has prioritized complying with global regulations that vary significantly across jurisdictions to ensure their crypto offerings meet international standards while maintaining Islamic principles.
With strict regulatory compliance, customers get peace of mind, turning crypto into a tool for ethical growth rather than a rollercoaster ride. Additionally, Ruya is setting up community hubs to offer guidance and educational support for users navigating digital assets.
All in all, Ruya’s move could inspire the global Islamic finance world, proving that blending faith and fintech doesn’t have to be a leap of faith—it’s just smart business.
This innovative service was announced on April 24, 2025, marking a significant milestone in Islamic banking.
