Ruya launches Shari’ah-compliant crypto trading in the UAE
UAE-based digital Islamic bank Ruya has launched a new service allowing customers to trade cryptocurrencies directly through its mobile app.
The service, developed in partnership with digital asset infrastructure provider Fuze, aims to offer investment opportunities in digital assets that comply with Islamic financial principles.
This development aligns with the growing virtual asset sector in the UAE, where, according to recent figures, over USD 30 billion worth of virtual assets were received in the year ending June 2024. The country’s growth rate in this sector has reached approximately 42%, significantly outpacing the regional average.
Focus on ethical digital investment
Ruya’s platform is designed to…
