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 mentioned the transfer was accepted by its Islamic board of administrators and was in-built collaboration with regulated companions that deal with custody and funds.
Shariah recognition and partnership
Ruya mentioned 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 moderately than a instrument for fast hypothesis. Reviews reveal that Bitcoin would be the first digital asset to be supplied at launch.
UAE crypto flows and native context
In accordance 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 progress comes as UAE regulators set clearer guidelines for digital asset service suppliers, rising 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 throughout the Ruya app. Commerce execution and storage shall be dealt with by Fuze based mostly on the preparations described.
The financial institution mentioned its Sharia committee has reviewed its construction to make sure compliance with Islamic monetary ideas, with a concentrate on transparency and clearer threat administration.
Potential implications for Muslim buyers
For Muslims who’ve averted cryptocurrencies as a result of spiritual issues, this is able to give them a regulated route inside established banks.
Analysts cited within the report steered the transfer may encourage extra conservative savers to carry Bitcoin once they in any other case wouldn’t.
Implementation will rely on demand and whether or not different Islamic banks observe Luya’s instance.
what occurs subsequent
Ruya indicated that the corporate plans to think about providing different digital belongings later, relying on demand and regulatory readability. In accordance with reviews, the financial institution desires to place the service as a part of long-term wealth planning moderately 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 broaden entry for Muslim buyers within the UAE and past, whereas additionally testing how the foundations of Islamic finance will be mixed with fashionable crypto programs in observe.
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