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UAE’s Ruya has made history by becoming the first Islamic bank to offer crypto trading, allowing customers to buy and sell digital assets directly through its mobile app.
Ruya, a digital Islamic bank based in the UAE, has launched a crypto trading feature within its mobile application, marking a major first in Shari’ah-compliant banking. Customers can now securely buy and sell cryptocurrencies, including Bitcoin (BTC), through an integrated, regulated platform that aligns with Islamic banking principles.
The bank emphasized that all digital assets available for trading have been carefully vetted for Shari’ah compliance, ensuring they meet religious and ethical standards. This move reflects Ruya’s broader strategy to merge modern financial services with Islamic banking ethics, focusing on ethical, long-term wealth generation.
To enable this new service, Ruya partnered with Fuze, a licensed digital asset infrastructure provider. This collaboration ensures that the crypto trading experience within Ruya’s app maintains high levels of technical security and regulatory compliance.
With the launch of this feature, UAE’s Ruya has not only positioned itself as a pioneer in Islamic banking innovation but also set a new benchmark for how traditional financial institutions can responsibly integrate crypto trading.
