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Category: CRYPTO NEWS
The post UAE’s Ruya Becomes First Islamic Bank to Offer Crypto Investments appeared on BitcoinEthereumNews.com. Ruya becomes the first Islamic bank to offer Shari’ah-compliant crypto investments. Ruya partners with Fuze to launch an ethical crypto trading platform. In a major development for the Islamic banking sector, it was announced that Ruya, the UAE’s digital-first Islamic bank, has become the world’s first Islamic bank to allow direct access to cryptocurrency investments. The mobile application of Ruya enabled customers to acquire and dispose of digital assets such as Bitcoin, according to recent reports. Ruya Partners with Fuze to Launch Shari’ah-Compliant Crypto Services Official announcements revealed that Ruya launched this new service by partnering up with Fuze, which holds a license for virtual asset infrastructure leadership. The partnership intended to develop an ethical platform for crypto investments through an operation compliant with Shari’ah principles. External leadership at Ruya praised this initiative as the leading landmark that both advanced Islamic banking across the UAE and throughout the world. The service formed a part of a larger plan to establish Islamic wealth-building principles while offering customers financial sustainability through ethical means. The service provider focused on making its cryptocurrency investments accessible while additionally focusing on maintaining user-friendly and secure functions. Margin Alliance and Fuze partnered to demonstrate banking services based on transparency and reliability. The managing team conducted a thorough analysis to confirm that new investment options complied with Islamic financial moral principles. The banking industry introduced this innovation during a period of fast-growing virtual asset operations across the UAE. The information indicates the country has received more than $30 billion worth of virtual assets during the period from January to June 2024, demonstrating a growth rise of 42%. The country’s growth exceeded the MENA region’s average expansion of 11.7% by reaching a remarkable level that was four times higher. Observers perceived Ruya’s initiative as an ideal decision both from…
2025-04-27T23:32:21+00:00
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