Ruya presents the world’s first BITI’AH trading service for Muslims in the Muslim world
Ruya, the UAE’s Digital-First Islamic Bank, has become the first Islamic bank in the world to allow customers to buy and sell Bitcoin directly through its mobile app.
This service is part of Ruya’s comprehensive investment strategy to promote Islamic Raction wealth creation and support long-term financial stability.
Developed in collaboration with Fuze, a licensed and established leader in the field of virtual assets, the solution allows safe, easy-to-use and complete Shari’ah-confession access to Bitcoin.
Sharia’ah compliant bitcoin
The launch aligns with strengthening global interest in digital asset creation and the UAE’s position as a leading Fintech Hub, where ethical and transparent investment options are increasingly sought after.
According to the chachalysis 2024 geography of crypto report, the UAE recorded more than $ 30bn in cryptocurrency inflows between July 2023 and June 202244, representing an increase of 42 percent.
The report also highlighted the strong growth of fixed income (desi), with the total amount received by defini services increasing by 74 percent and the work done by 87 percent – from $ 6bn to $ 6bn to $ 6bn.
ChainAlysis has given this impetus to the clarification provided by the Securities and Commodities and Dubai) and Dubai’s aroup applity Authority (Vara).
Christoph Koster, Christian of Ruya, said: “At Ruya, we are committed to shaping the future of finance in the Digital Economy with a focus on digital banking.”
Mo Ali Yusuf, CO-FEO of Fuze, said:
Islamic Finance
Ruya emphasizes that its physical asset offering is designed to support long-term wealth creation rather than promote speculative trading. The Bitcoin service resides within a selective investment framework that imposes financial stability, ethical behavior and customer education.
Key features include:
- Direct in-app access to securely buy and sell Bitcoin
- Full transparency and Ruler of Sharia, over Sharai’ah’s Sugation’s Committee
- Licensing partnership with fuze to deliver a seamless, reliable product experience
- Competitive Fees, Putting Ruya among the cheapest Bitcoin trading platforms on the market
- Focusing on responsible investing, avoiding speculative behavior
- Educational Support, including in-app mentoring, webinars and dedicated customer service
Other goods
KOPTOT added: “By partnering with fuze, we have ensured our customers benefit from a strong and reliable platform to access our high-level Islamic banking opportunities.”
The launch marks an important milestone in the UAE financial sector and underscores Ruya’s position as a pioneer in digital Islamic banking.
