Algorithmic Ratings & Investment Analysis
© ARIA 2025
by aria-ratings.com
December 8, 2025 at 13:59
UAE Islamic Bank Innovates with Sharia-Compliant Bitcoin Trading
The United Arab Emirates is witnessing a significant shift towards cryptocurrency as Ruya Islamic Bank has launched an in-app Bitcoin trading feature in collaboration with Fuze.
This groundbreaking initiative positions Ruya as the first Islamic bank to enable direct Bitcoin transactions while adhering to Sharia compliance.
The move responds to a notable increase in interest in Bitcoin and digital currencies within the UAE, a nation embracing fintech advancements.
Recent data from Chainalysis reveals that between July 2023 and June 2024, the UAE experienced over $30 billion in cryptocurrency inflows, marking a 42% rise in investments year-on-year.
Ruya's CEO, Christoph Koster, emphasized the importance of this decision in shaping the future landscape of finance in the region.
The integration of in-app trading is designed to offer a secure and user-friendly experience for customers interested in Bitcoin within an ethical framework.
As demand for Sharia-compliant financial products grows, other banks in the UAE may adopt similar initiatives in response to market needs.
This development signals a progressive approach to incorporating cryptocurrency into the financial ecosystem of the UAE.
Overall, Ruya's initiative stands as a pivotal moment for cryptocurrency's acceptance in Islamic finance, offering clarity and confidence to investors.
The innovation is expected to broaden the financial landscape, enhancing user engagement in the realm of digital assets.
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