Ruya, a digital bank based in the United Arab Emirates, has started offering bitcoin and others Cryptocurrency investments through his mobile app. This movement makes Ruya the first Islamic bank in the world to enable direct crypto access purchases while keeping faith in Islamic financial rules.
According to official reports, Ruya’s new service is part of a larger plan to mix Cryptocurrency investments with the Shari’ah principles.
Partnership with Licensed Supplier Fuze
The bank’s entry into crypto investment comes through a partnership with Fuze, a licensed supplier of digital asset infrastructure. With this partnership Ruya says it can guarantee that everything Crypto offers remain Shari’ah compatible.
In Islamic funding, investment must avoid excessive uncertainty and unfair gains. Bitcoin and other crypto assets offered via the app are carefully handled to meet these requirements.
Ruya CEO Christoph Koster explained that the bank remains faithful to its Islamic bank Roots but transforms with new financial opportunities. He further mentioned that the bank hopes to offer people a chance to invest ethically without going against their faith.
Emphasis on ethical investment and openness
Based on reports, Ruya’s platform aims to give customers the peace of mind through the assurance that their crypto investments are in line with Islamic standards. The bank promotes values such as justice, openness and responsible investments, which are central to Islamic finance.
Instead of forcing short -term, risky crypto trade, Ruya encourages participation in the digital economy. The app’s methodology is based on helping people make well -informed decisions rather than striving for quick profits.
Crypto growth in UAE supports Ruya’s move
Ruya’s time is in line with a record nail in crypto activity over the United Arab Emirates. According to the figures presented, over $ 30 billion flowed into crypto assets into the United Arab Emirates during the 12 months until June 2024. This is an increase of 42% from last year, which indicates that an increasing number of people in the country are aimed at digital assets.
The United Arab Emirates have been interested in becoming the trends in the Middle East and North Africa Virtual assets. The Ruya movement is based according to the big picture here, giving investors a way to access crypto without crossing religious lines.
Bitcoin: Customer Support and Education An important part of the offer
Ruya is ongoing a comprehensive degree in terms of customer support. The bank provides professional advice in community groups and well -mixed call centers so that users can safely know the risks and opportunities in crypto investments.
Image from Unsplash, charts from TradingView
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