Ruya, a digital bank based in the United Arab Emirates, began to offer Bitcoin and other cryptocurrency investments via its mobile application. This decision makes Ruya the first Islamic bank in the world to allow direct purchases on cryptography assets while remaining faithful to the Islamic finance rules.
According to official reports, the new Ruya service is part of a larger plan to mix cryptocurrency investments with the principles of Sharia law.
Partnership with FUZE of approved supplier
The entry of the bank into the investment of cryptography requires a partnership with FUZE, a provider of digital asset infrastructure under license. With this partnership, Ruya says that it can guarantee that all crypto offers remain compliant with sharia.
In Islamic finance, investments must avoid excessive uncertainty and unfair gains. Bitcoin and other cryptographic assets offered via the application are treated with care to meet these requirements.
The CEO of Ruya, Christoph Koster, explained that the bank remains faithful to its Islamic banking roots but is transformed with emerging financial opportunities. He also mentioned that the bank hoped to offer people a chance to invest ethically without going against their beliefs.
The emphasis on ethical investment and transparency
Based on reports, Ruya’s platform aims to give customers the peace of mind thanks to the assurance that their investments in cryptography are in accordance with Islamic standards. The bank promotes values such as equity, transparency and responsible investment, which are at the heart of Islamic finance.
Instead of making cryptographic trades in the short term and short -term, Ruya encourages healthy participation in the digital economy. The application methodology is based on helping people to make informed decisions rather than pursuing rapid profits.
Water crypto growth supports Ruya’s movement
The timing of Ruya conforms to a record peak of cryptographic activity with water. According to figures presented, more than $ 30 billion in cryptographic assets flocked to water in the 12 months preceding June 2024. It is an increase of 42% compared to last year, which suggests that an increasing number of people in the country turn to digital assets.
The United Arab Emirates interested in becoming the pioneer in the Middle East and North Africa adoption of virtual assets. This decision by Ruya is based according to the situation as a whole, giving investors an access path to the crypto without crossing religious lines.
Bitcoin: customer support and education A key element of the offer
Ruya goes to an extended degree with regard to customer support. The bank gives professional advice in community groups and well -mixed call centers to allow users to know safely the risks and investment opportunities in cryptography.
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