Ruya Becomes First Islamic Bank To Offer Bitcoin And Virtual Asset Investments

Ruya Becomes First Islamic Bank To Offer Bitcoin And Virtual Asset Investments

In a landmark improvement for Islamic finance and digital banking, ruya (رويا), the UAE’s digital-first Islamic financial institution, has turn out to be the primary Islamic financial institution globally to supply clients direct entry to digital asset investments, together with Bitcoin, by means of its cell app, in line with an announcement.

The brand new service is made potential by means of a strategic partnership with Fuze, a licensed chief in digital asset infrastructure. Together, ruya and Fuze goal to supply a safe and moral entry level into the digital financial system, with companies which can be totally Shari’ah-compliant and aligned with the rules of Islamic finance.

“At ruya, we are committed to transforming the financial landscape in the UAE by offering forward-thinking services while staying true to our mission of ethical Islamic banking,” mentioned Christoph Koster, CEO of ruya. “By integrating virtual assets into our investment platform, we aim to empower our customers to participate in the digital economy sustainably and responsibly. We can also assure our customers that the virtual assets we are offering on our ruya investment platform are Shari’ah-compliant, providing much-needed certainty.”

The launch comes at a time of fast progress within the UAE’s digital asset sector. Within the yr ending June 2024, the nation obtained greater than $30 billion in digital belongings, marking a 42% year-on-year improve, considerably outpacing the regional common of 11.7%, in line with the announcement. The transfer underscores the UAE’s emergence as a significant hub for digital finance within the MENA area.

“Partnering with ruya is a big step towards making virtual assets a seamless part of everyday banking,” mentioned Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze. “Together, we’re combining Fuze’s cutting-edge infrastructure with ruya’s commitment to ethical Islamic banking.”

Not like different platforms that encourage speculative crypto buying and selling, ruya’s providing is embedded inside a curated funding framework designed to help long-term monetary progress, the corporate acknowledged within the announcement. It can give attention to transparency, equity, and moral investing—core tenets of Islamic finance.

To guarantee accessibility and knowledgeable decision-making, ruya can be providing help by means of group facilities and hybrid name facilities, the place clients can obtain skilled steerage on digital asset investing.

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 109,129.24 0.82%
ethereum
Ethereum (ETH) $ 2,565.51 1.87%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.27 2.18%
bnb
BNB (BNB) $ 661.63 0.86%
solana
Solana (SOL) $ 151.33 2.72%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.28815 1.49%
dogecoin
Dogecoin (DOGE) $ 0.171688 4.50%
staked-ether
Lido Staked Ether (STETH) $ 2,565.97 1.92%
cardano
Cardano (ADA) $ 0.585829 2.15%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 108,947.19 0.73%
hyperliquid
Hyperliquid (HYPE) $ 39.74 1.06%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,087.36 1.57%
sui
Sui (SUI) $ 2.92 0.93%
bitcoin-cash
Bitcoin Cash (BCH) $ 499.17 2.50%
chainlink
Chainlink (LINK) $ 13.48 1.98%
leo-token
LEO Token (LEO) $ 9.03 0.16%
stellar
Stellar (XLM) $ 0.252873 6.35%
avalanche-2
Avalanche (AVAX) $ 18.35 2.91%
usds
USDS (USDS) $ 1.00 0.02%
the-open-network
Toncoin (TON) $ 2.85 4.28%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.34%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,747.57 1.85%
weth
WETH (WETH) $ 2,564.61 1.85%
hedera-hashgraph
Hedera (HBAR) $ 0.15893 3.46%
litecoin
Litecoin (LTC) $ 87.44 0.12%
whitebit
WhiteBIT Coin (WBT) $ 45.02 0.68%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.03%
monero
Monero (XMR) $ 323.60 2.57%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 109,031.21 0.66%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
bitget-token
Bitget Token (BGB) $ 4.45 1.14%
polkadot
Polkadot (DOT) $ 3.40 1.37%
uniswap
Uniswap (UNI) $ 7.42 1.49%
aave
Aave (AAVE) $ 286.18 4.78%
pepe
Pepe (PEPE) $ 0.00001 4.55%
dai
Dai (DAI) $ 1.00 0.00%
pi-network
Pi Network (PI) $ 0.465656 2.48%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.01%
bittensor
Bittensor (TAO) $ 327.43 2.11%
okb
OKB (OKB) $ 48.44 0.30%
aptos
Aptos (APT) $ 4.46 0.95%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 183.82 2.76%
near
NEAR Protocol (NEAR) $ 2.18 2.11%
internet-computer
Internet Computer (ICP) $ 4.85 1.89%
ethereum-classic
Ethereum Classic (ETC) $ 16.66 2.13%
crypto-com-chain
Cronos (CRO) $ 0.081263 0.35%
ondo-finance
Ondo (ONDO) $ 0.794781 1.96%
susds
sUSDS (SUSDS) $ 1.06 0.02%
usd1-wlfi
USD1 (USD1) $ 1.00 0.05%
kaspa
Kaspa (KAS) $ 0.077597 3.92%
mantle
Mantle (MNT) $ 0.572012 1.73%
fasttoken
Fasttoken (FTN) $ 4.43 0.28%
cosmos
Cosmos Hub (ATOM) $ 4.09 2.16%
gatechain-token
Gate (GT) $ 15.23 0.41%
vechain
VeChain (VET) $ 0.020879 1.68%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.682615 3.99%
bonk
Bonk (BONK) $ 0.000022 13.83%
official-trump
Official Trump (TRUMP) $ 8.63 1.06%
sky
Sky (SKY) $ 0.079012 3.53%
render-token
Render (RENDER) $ 3.24 2.63%
ethena
Ethena (ENA) $ 0.262871 3.59%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 109,229.27 1.00%
arbitrum
Arbitrum (ARB) $ 0.334005 2.50%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.184007 1.28%
quant-network
Quant (QNT) $ 109.23 1.88%
filecoin
Filecoin (FIL) $ 2.30 1.88%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,564.01 1.81%
algorand
Algorand (ALGO) $ 0.17767 2.04%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50 1.11%
worldcoin-wld
Worldcoin (WLD) $ 0.894425 3.33%
sei-network
Sei (SEI) $ 0.264745 0.06%
first-digital-usd
First Digital USD (FDUSD) $ 0.998734 0.04%
usdtb
USDtb (USDTB) $ 1.00 0.03%
tokenize-xchange
Tokenize Xchange (TKX) $ 17.58 15.78%
kucoin-shares
KuCoin (KCS) $ 11.08 0.43%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 160.40 2.56%
usdt0
USDT0 (USDT0) $ 1.00 0.03%
jupiter-exchange-solana
Jupiter (JUP) $ 0.443962 2.02%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,691.52 1.95%
nexo
NEXO (NEXO) $ 1.22 1.59%
spx6900
SPX6900 (SPX) $ 1.32 7.21%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,922.44 1.88%
fartcoin
Fartcoin (FARTCOIN) $ 1.18 0.34%
flare-networks
Flare (FLR) $ 0.016612 0.30%
celestia
Celestia (TIA) $ 1.62 8.86%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.00%
injective-protocol
Injective (INJ) $ 10.59 0.51%
xdce-crowd-sale
XDC Network (XDC) $ 0.06314 0.79%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.56 1.06%
sonic-3
Sonic (S) $ 0.314607 2.17%
blockstack
Stacks (STX) $ 0.660128 3.05%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.00%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015658 5.01%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,742.29 1.96%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,697.72 1.97%
optimism
Optimism (OP) $ 0.546643 2.96%
syrupusdc
SyrupUSDC (SYRUPUSDC) $ 1.11 0.01%
Scroll to Top