Based on MarsBit, UAE Islamic bank ruya has partnered with digital asset infrastructure provider Fuze to become the first Islamic bank to allow customers to buy and sell Bitcoin via a mobile app. The bank ensures all Bitcoin investments comply with Sharia law, offering secure and compliant digital asset services. According to Chainalysis' 2024 Crypto Geography Report, the UAE saw over $30 billion in cryptocurrency inflows between July 2023 and June 2024, a 42% year-on-year increase. Previously, UAE-based Mashreq Capital launched the multi-asset investment fund BITMAC, which includes a Bitcoin ETF, while RAK Bank and Liv Bank also began offering cryptocurrency trading services.
UAE's ruya Becomes First Islamic Bank to Offer Bitcoin Trading
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