Ruya Financial institution has launched in-app Bitcoin buying and selling, turning into the primary Sharia-compliant financial institution to permit prospects to purchase and promote cryptocurrencies utilizing a cell banking app.
The financial institution stated the transfer was authorised by its Islamic board of administrators and was inbuilt collaboration with regulated companions that deal with custody and funds.
Shariah recognition and partnership
Ruya stated it’s working with Fuze, a regulated crypto asset infrastructure supplier, to handle the custody, settlement and compliance of trades.
The financial institution positioned the service as a sharia-approved funding choice reasonably than a instrument for fast hypothesis. Stories reveal that Bitcoin would be the first digital asset to be provided at launch.
UAE crypto flows and native context
In line with figures circulating on the time of launch, from July 2023 to June 2024, the UAE recorded roughly USD 30 billion in crypto asset inflows, a rise of 42% year-on-year.
Ruya Financial institution CEO: Bitcoin complies with Islamic legislation — a brand new chapter in Islamic digital finance https://t.co/sijVZfAJne @unlockbc @myruyabank #Islamic Finance #isBitcoin Halal #Sharia Compliant #bitcoin #Adopted #Bitcoin Information #United Arab Emirates
— Unlock Blockchain (@unlockbc) December 8, 2025
This development comes as UAE regulators set clearer guidelines for digital asset service suppliers, growing banks and fintechs’ urge for food so as to add crypto performance inside their regulated apps.
How the providing works
Customers who meet the financial institution’s necessities should buy and promote Bitcoin inside the Ruya app. Commerce execution and storage will likely be dealt with by Fuze primarily based on the preparations described.
The financial institution stated its Sharia committee has reviewed its construction to make sure compliance with Islamic monetary rules, with a give attention to transparency and clearer threat administration.
Potential implications for Muslim traders
For Muslims who’ve averted cryptocurrencies because of non secular considerations, this may give them a regulated route inside established banks.
Analysts cited within the report instructed the transfer might encourage extra conservative savers to carry Bitcoin once they in any other case wouldn’t.
Implementation will depend upon demand and whether or not different Islamic banks observe Luya’s instance.
what occurs subsequent
Ruya indicated that the corporate plans to contemplate providing different digital property later, relying on demand and regulatory readability. In line with reviews, the financial institution desires to place the service as a part of long-term wealth planning reasonably than short-term transactions.
This step marks a noteworthy second. A Shariah-compliant financial institution has launched Bitcoin transactions to its core app with a regulated custodian.
This might develop entry for Muslim traders within the UAE and past, whereas additionally testing how the principles of Islamic finance might be mixed with trendy crypto techniques in follow.
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