ruya the UAE digital first Islamic bank now lets customers buy Bitcoin and other virtual assets straight from its app. The bank partners with Fuze a licensed virtual asset platform to ensure full Shariah compliance.

This move signals support for crypto across the Gulf. UAE users moved more than thirty billion dollars in digital assets in the year to June 2024 which was a forty two percent jump over the previous year. Analysts say the service could draw a new wave of ethical investors who want halal exposure to Bitcoin.

ruya says its platform focuses on long term growth not quick trading. Customers can visit community centres or call hybrid advisers for clear guidance on virtual assets. Crypto fans hail the launch as another win for decentralised finance and expect more Islamic banks to follow soon.

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