Ruya is a digital Islamic bank in the UAE that provides Sharia-compliant financial services through a mobile app. The bank focuses on ethical banking practices and offers a quick, convenient account setup process.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banking in the UAE can be slow and require physical documentation, creating friction for customers seeking Sharia-compliant financial services. Many individuals and businesses also desire banking options that align with Islamic ethical principles and support the local community.
Solution
Ruya provides a digital Islamic banking platform in the UAE, offering Sharia-compliant financial services through a mobile app. The platform focuses on ethical banking practices, providing a fast and secure account setup process integrated with UAE PASS. Ruya offers 24/7 access to accounts, cards, and a range of services, supporting customers and businesses through financial literacy, education, and community partnerships. The bank shares profits with its customers and ensures investments are ethical and socially responsible.
Target Audience
Ruya targets individuals and businesses in the UAE seeking Sharia-compliant banking services, ethical investment options, and a digital-first banking experience.
Features
- Digital-first banking interface accessible 24/7 via a mobile application
- Seamless account opening experience integrated with UAE PASS
- Sharia-compliant banking products and services adhering to Islamic finance principles
- Current and Savings accounts with no hidden fees or minimum balance requirements
- Instant money transfers for sending and receiving payments
- Socially responsible banking practices that support the local community
- Investment deposits
- Kids savings account
- Apple Pay integration