UAE-based Islamic bank, Ruya, has launched Shari'ah-compliant cryptocurrency investment services through its mobile app. The announcement was made last Thursday, marking a significant step in integrating Islamic finance with modern digital assets. Ruya becomes the first Islamic bank to offer direct Bitcoin (BTC) purchases, setting a new precedent in ethical investing.
This new service is powered by a strategic partnership with Fuze, a licensed and respected leader in the virtual asset industry. The collaboration ensures all offerings comply with Islamic principles, giving customers secure and faith-aligned access to digital currencies.
Ruya’s initiative reflects growing interest in crypto within the Islamic finance sector and strengthens the UAE’s reputation as a global fintech and innovation hub.