🚀 Ruya Bank Becomes First Islamic Bank to Offer Bitcoin via Mobile App! 💰
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In a historic move, Ruya Bank, a digital-first Islamic bank based in the UAE, has become the first Islamic bank globally to offer customers the ability to purchase Bitcoin and other virtual assets directly through its mobile app!

📈 Key Highlights:

Shari'ah-Compliant Crypto Trading:

This groundbreaking initiative integrates cryptocurrency trading into the Shari’ah-compliant banking model, ensuring ethical investing practices and adherence to Islamic financial principles like avoiding riba (interest) and gharar (uncertainty).

Partnership with Fuze:

To ensure security and compliance, Ruya Bank has partnered with Fuze, a licensed digital asset infrastructure provider, to deliver a user-friendly, secure, and compliant trading platform.

Growing Demand for Digital Assets:

By enabling Bitcoin and other crypto purchases directly through its mobile platform, Ruya Bank is tapping into the growing demand for digital asset investments in the Islamic finance sector.

💡 Implications for Islamic Finance:

This move sets a precedent for other Islamic financial institutions, potentially paving the way for more Shari'ah-compliant crypto offerings across the globe.

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