Latest news with #MohammedAliYusuf
Gulf Insider
26-04-2025
- Business
- Gulf Insider
UAE's Ruya Becomes First Global Islamic Bank To Offer Shari'ah-Compliant Crypto Trading
UAE's digital-first Islamic bank ruya announced enabling customers to buy and sell cryptocurrencies such as Bitcoin directly through its mobile app. The new service is offered in partnership with Fuze, a licensed and well-established leader in the virtual asset space, to ensure that it is secure, user-friendly, and fully aligned with ethical Islamic financial principles, the bank said. The move makes it the first Islamic bank globally which allows customers to transact in virtual currencies. This service is part of the bank's broader investment offering, designed to promote ethical Islamic wealth building and long-term financial growth, it said. With the global surge in interest around virtual assets, the bank's latest offering caters to customers who seek to diversify their portfolios responsibly, while adhering to values of transparency, fairness and ethical investing. 'At ruya, we are committed to transforming the financial landscape in the UAE by offering forward-thinking services, while staying true to our mission of ethical Islamic banking,' said Christoph Koster, CEO of ruya. 'By integrating virtual assets into our investment platform, we aim to empower our customers to participate in the digital economy sustainably and responsibly,' he added. Mohammed Ali Yusuf, Co-Founder and CEO of Fuze, said partnering with ruya is a big step towards making virtual assets a seamless part of everyday banking. 'Together, we're combining Fuze's cutting-edge infrastructure with ruya's commitment to ethical Islamic banking,' he said. Unlike platforms encouraging speculative trading, the bank's virtual assets service is part of a carefully curated investment framework, creating lasting value and supporting their customers' financial goals, the bank said. This move comes at a time when the UAE is experiencing rapid growth in virtual asset activity, positioning itself as a leading virtual asset hub in the Middle East and North Africa (MENA) region.
Arabian Business
25-04-2025
- Business
- Arabian Business
UAE's ruya becomes first global Islamic bank to offer Shari'ah-compliant crypto trading
UAE's digital-first Islamic bank ruya announced enabling customers to buy and sell cryptocurrencies such as Bitcoin directly through its mobile app. The new service is offered in partnership with Fuze, a licensed and well-established leader in the virtual asset space, to ensure that it is secure, user-friendly, and fully aligned with ethical Islamic financial principles, the bank said. Islamic bank's crypto service The move makes it the first Islamic bank globally which allows customers to transact in virtual currencies. This service is part of the bank's broader investment offering, designed to promote ethical Islamic wealth building and long-term financial growth, it said. With the global surge in interest around virtual assets, the bank's latest offering caters to customers who seek to diversify their portfolios responsibly, while adhering to values of transparency, fairness and ethical investing. View this post on Instagram A post shared by ruya (@myruyabank) 'At ruya, we are committed to transforming the financial landscape in the UAE by offering forward-thinking services, while staying true to our mission of ethical Islamic banking,' said Christoph Koster, CEO of ruya. 'By integrating virtual assets into our investment platform, we aim to empower our customers to participate in the digital economy sustainably and responsibly,' he added. Mohammed Ali Yusuf, Co-Founder and CEO of Fuze, said partnering with ruya is a big step towards making virtual assets a seamless part of everyday banking. 'Together, we're combining Fuze's cutting-edge infrastructure with ruya's commitment to ethical Islamic banking,' he said. Unlike platforms encouraging speculative trading, the bank's virtual assets service is part of a carefully curated investment framework, creating lasting value and supporting their customers' financial goals, the bank said.
Mid East Info
24-04-2025
- Business
- Mid East Info
ruya Becomes First Islamic Bank Globally to Offer Virtual Asset Investments Including Bitcoin - Middle East Business News and Information
ruya Becomes First Islamic Bank Globally to Offer Virtual Asset Investments Including Bitcoin Ajman, UA E – 24 Ap ril, 2025: ruya (رويا), the UAE's digital-first Islamic bank, is proud to announce a pioneering step in the region's banking industry. In an unprecedented move, ruya has become the first Islamic bank globally to enable customers to buy and sell virtual assets, commonly known as 'cryptocurrencies' including Bitcoin, directly through its mobile app. This service is part of ruya's broader investment offering, designed to promote ethical Islamic wealth building and long-term financial growth. In partnership with Fuze, a licensed and well-established leader in the virtual asset space, ruya ensures that this innovative service is secure, user-friendly, and fully aligned with ethical Islamic financial principles. With the global surge in interest around virtual assets, ruya's latest offering caters to customers who seek to diversify their portfolios responsibly while adhering to values of transparency, fairness and ethical investing. This move comes at a time when the United Arab Emirates is experiencing rapid growth in virtual asset activity, positioning itself as a leading virtual asset hub in the Middle East and North Africa (MENA) region. In the year ending June 2024, the country received more than $30 billion in virtual assets, with a remarkable 42% growth, nearly four times higher than the region's average of 11.7%. 'At ruya, we are committed to transforming the financial landscape in the UAE by offering forward-thinking services while staying true to our mission of ethical Islamic banking. By integrating virtual assets into our investment platform, we aim to empower our customers to participate in the digital economy in a sustainable and responsible way. We can also assure our customers that the virtual assets we are offering on our ruya investment platform are Shari'ah-compliant, providing much-needed certainty,' said Christoph Koster, CEO of ruya. Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze, shared: 'Partnering with ruya is a big step towards making virtual assets a seamless part of everyday banking. Together, we're combining Fuze's cutting-edge infrastructure with ruya's commitment to ethical Islamic banking. We are excited to be at the forefront of providing simple, secure, and ethical digital asset solutions for the future.' Unlike platforms that encourage speculative trading, ruya's virtual assets service is part of a carefully curated investment framework, fostering long-term wealth building. This aligns with ruya's core mission to provide customers with financial solutions that create lasting value and support their financial goals. Key highlights of the service include: Direct access to buy and sell Shari'ah-compliant virtual assets securely through the ruya mobile app. Integrated transparency and governance, ensuring adherence to ethical Islamic principles. Partnership with Fuze, offering a trusted, licensed and seamless digital asset experience. Focus on responsible investing, avoiding speculative behaviour and promoting financial resilience. Christoph Koster added, 'By partnering with Fuze, we've ensured that our customers will benefit from a robust and trusted platform to access the opportunities in the virtual asset space. This service reflects our promise to innovate while maintaining the highest standards of ethical Islamic banking.' As part of ruya's customer-first approach, dedicated support is available through its community centres and hybrid call centre model, ensuring customers receive expert guidance on this new offering. This milestone marks a new chapter in the UAE's banking industry and reinforces ruya's position as a trailblazer in the digital Islamic banking space. For more information on how to start investing in virtual assets through ruya, please visit
Zawya
24-04-2025
- Business
- Zawya
Ruya becomes first Islamic bank globally to offer virtual asset investments including Bitcoin
Ajman, UAE: ruya (رويا), the UAE's digital-first Islamic bank, is proud to announce a pioneering step in the region's banking industry. In an unprecedented move, ruya has become the first Islamic bank globally to enable customers to buy and sell virtual assets, commonly known as 'cryptocurrencies' including Bitcoin, directly through its mobile app. This service is part of ruya 's broader investment offering, designed to promote ethical Islamic wealth building and long-term financial growth. In partnership with Fuze, a licensed and well-established leader in the virtual asset space, ruya ensures that this innovative service is secure, user-friendly, and fully aligned with ethical Islamic financial principles. With the global surge in interest around virtual assets, ruya 's latest offering caters to customers who seek to diversify their portfolios responsibly while adhering to values of transparency, fairness and ethical investing. This move comes at a time when the United Arab Emirates is experiencing rapid growth in virtual asset activity, positioning itself as a leading virtual asset hub in the Middle East and North Africa (MENA) region. In the year ending June 2024, the country received more than $30 billion in virtual assets, with a remarkable 42% growth, nearly four times higher than the region's average of 11.7%. 'At ruya, we are committed to transforming the financial landscape in the UAE by offering forward-thinking services while staying true to our mission of ethical Islamic banking. By integrating virtual assets into our investment platform, we aim to empower our customers to participate in the digital economy in a sustainable and responsible way. We can also assure our customers that the virtual assets we are offering on our ruya investment platform are Shari'ah-compliant, providing much-needed certainty,' said Christoph Koster, CEO of ruya. Mohammed Ali Yusuf (Mo Ali Yusuf), Co-Founder and CEO of Fuze, shared: "Partnering with ruya is a big step towards making virtual assets a seamless part of everyday banking. Together, we're combining Fuze's cutting-edge infrastructure with ruya's commitment to ethical Islamic banking. We are excited to be at the forefront of providing simple, secure, and ethical digital asset solutions for the future." Unlike platforms that encourage speculative trading, ruya 's virtual assets service is part of a carefully curated investment framework, fostering long-term wealth building. This aligns with ruya 's core mission to provide customers with financial solutions that create lasting value and support their financial goals. Key highlights of the service include: Direct access to buy and sell Shari'ah-compliant virtual assets securely through the ruya mobile app. Integrated transparency and governance, ensuring adherence to ethical Islamic principles. Partnership with Fuze, offering a trusted, licensed and seamless digital asset experience. Focus on responsible investing, avoiding speculative behaviour and promoting financial resilience. Christoph Koster added, 'By partnering with Fuze, we've ensured that our customers will benefit from a robust and trusted platform to access the opportunities in the virtual asset space. This service reflects our promise to innovate while maintaining the highest standards of ethical Islamic banking.' As part of ruya 's customer-first approach, dedicated support is available through its community centres and hybrid call centre model, ensuring customers receive expert guidance on this new offering. This milestone marks a new chapter in the UAE's banking industry and reinforces ruya 's position as a trailblazer in the digital Islamic banking space. For more information on how to start investing in virtual assets through ruya, please visit
Yahoo
22-04-2025
- Business
- Yahoo
Fuze gains retail payment services and card schemes licence in UAE
Fuze Group, via its subsidiary Niobe Payment Services, has secured a retail payment services and card schemes (RPSCS) licence from the Central Bank of the UAE (CBUAE), according to a press release posted on Zawya. This authorisation establishes Fuze as a licenced operator for digital asset infrastructure and a regulated payment service provider within the region. Fuze CEO and co-founder Mohammed Ali Yusuf said: 'This licence is the launchpad for the next generation of payments. It marks a key step in our mission to provide digital and AI-enabled infrastructure that will drive the future of finance and transform payments. We are privileged to be granted this licence from the Central Bank and look forward to providing cutting-edge, compliant payment infrastructure and novel solutions - like virtual IBANs - for a range of businesses.' With the licence, Fuze is now preparing to launch a payment platform that incorporates artificial intelligence (AI) and compliance features to meet the demands of contemporary business operations. The platform will offer a suite of compliant payment products designed for the needs of modern enterprises, fintechs, and marketplaces. The services provided will include real-time digital payments and settlements, an AI-powered compliance and fraud detection system, virtual IBANs for streamlined payment collection, and merchant tools to support UAE businesses. Set up in 2023, Fuze has maintained partnerships with regulatory bodies and become an ally for banks, fintechs, and financial institutions across the Middle East and North Africa (MENA), Turkey, and South Asia. The company aims to assist businesses in overcoming financial infrastructure challenges, from integrating digital assets and cryptocurrencies to developing payment systems and financial products. "Fuze gains retail payment services and card schemes licence in UAE " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
