Ruya Community Islamic Bank

Ruya Community Islamic Bank is a modern, digital-first Islamic bank based in the United Arab Emirates (UAE). Launched in 2024, the bank is headquartered in Ajman, UAE, and is licensed by the Central Bank of the UAE. Ruya aims to empower individuals, businesses, and communities in the UAE to achieve their goals through its services.

Services and Operations

Ruya offers a range of banking services tailored to both personal and business needs. These services are guided by the principles of fairness, transparency, and social responsibility, reflecting the bank's dedication to Islamic banking principles. Ruya's operations are prominently app-based, offering digital convenience to its customers. Customers can access and manage their banking services through the Ruya app, available on the App Store.

Global Presence

Despite being a relatively new player in the banking industry, Ruya has shown a commitment to expand its presence beyond the UAE. An example of this global outlook is its partnership with Mastercard to launch Islamic banking debit and credit cards. This move not only extends its service offerings but also signals a willingness to engage with international partners to enhance its banking services. Furthermore, the bank's digital-first approach allows it to reach customers beyond physical boundaries, potentially setting the stage for a wider global presence in the future.

Community Focus

At the heart of Ruya's operations is a community focus. This is reflected in its name, which translates to "vision," and its mission to serve as a community bank. The bank's first location is in Marsa Ajman, a waterfront shopping and leisure destination, indicating its aim to be closely integrated with the communities it serves. Moreover, Ruya's commitment to social responsibility suggests a vision of banking that goes beyond financial transactions to contribute positively to society.