$BTC

@everyone *World's First: Islamic Bank Allows Customers to Buy Bitcoin*

Ruya, the first Islamic digital bank in the United Arab Emirates (UAE), has partnered with Fuze Finance to provide customers with the ability to buy and sell cryptocurrencies like Bitcoin (BTC). Interestingly, Ruya's banking services are said to be in line with Islamic financial principles, with Bitcoin being deemed Shariah-compliant, especially after partnering with Fuze, which enables users to invest or save in a halal manner.

The UAE has received over $30 billion in virtual assets since June 2024, with a growth rate of 42%, or four times higher than the regional average of 11.7%. Ruya Bank CEO Christoph Koster stated that the Islamic bank in the UAE is committed to changing the financial landscape in the UAE and assuring customers that the virtual assets offered on Ruya's investment platform are Shariah-compliant and meet their needs.

"We can also assure our customers that the virtual assets we offer on our investment platform are Shariah-compliant, providing the certainty they need," Koster said.

Additionally, Ruya is not the only bank in the UAE to adopt cryptocurrencies, as Liv Digital Bank and Emirates NBD Bank have previously offered cryptocurrency trading services.