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Ruya, a digital bank based within the United Arab Emirates, has offered Bitcoin and other cryptocurrency investments via its mobile app. This step makes Ruya the primary Islamic bank on this planet that permits direct purchases of crypto assets and at the identical time stays true to Islamic financial rules.
According to official reports, Ruya's recent service is a component of a bigger plan to mix cryptocurrency investments with the principles of Sharia.
Partnership with licensed provider Fuze
The bank in Crypto Investing is entered by a partnership with Fuze, a licensed provider of Digital Asset Infrastructure. With this partnership, Ruya can guarantee that each one crypto offers will remain in compliance with Shari'ah.
In Islamic financing, investments need to avoid excessive uncertainty and unfair profits. Bitcoin and other crypto assets offered via the app are rigorously treated to fulfill these requirements.
Christoph Koster, CEO of Ruya, explained that the bank stays true to its Islamic bank roots, but changes with emerging financial opportunities. He also mentioned that the bank hopes to offer people the prospect to take a position ethically without violating their beliefs.
Focus on ethical investments and transparency
Based on reports, Ruya's platform goals to make the client soothing by ensuring that your cryptoinvestitations meet Islamic standards. The bank promotes values ​​similar to fairness, transparency and responsible investments which can be of central importance for Islamic financing.
The entire crypto market capitalization currently at 2.9 trillion dollars. Diagram: Tradingview
Ruya promotes participation within the digital economy as a substitute of convincing short-term, dangerous crypto business. The app's methodology relies on helping people to make well -informed decisions as a substitute of getting quick profits.
Cryptovicism within the United Arab Emirates supports Ruyas Step
Ruyas Timing is consistent with a record tip in crypto activity within the United Arab Emirates. According to the figures presented, over 30 billion US dollars flowed into the VAE within the 12 months until June 2024. This is a rise of 42% in comparison with the previous 12 months, which indicates that increasingly more people within the nation are facing digital assets.
The United Arab Emirates were occupied with becoming the trendsetter within the Middle East and within the North African virtual asset adoption. The move of Ruya relies on the general picture here and offers investors a strategy to gain access to crypto without exceeding religious limits.
Bitcoin: Customer support and education An essential a part of the offer
Ruya has a comprehensive degree in terms of customer support. The bank provides skilled advice in community groups and well-mixed call centers in order that users can safely get to know the risks and options for crypto investments.
Selected picture of Unsplash, Diagram from Tradingview
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