Is ruya crypto friendly?

Yes for buying and selling Bitcoin inside the app, but it is a closed loop with no withdrawals to your own wallet.

CBL Score: 6 of 16

Criterion	Score	Source
Accepts exchange transfers	partial (1)	unverified
Stablecoin off-ramp	no (0)	source · checked 8 September 2026
Business accounts for Web3	no (0)	source · checked 8 September 2026
Custody	partial (1)	source · checked 8 September 2026
Staking and yield	no (0)	source · checked 8 September 2026
Card	yes (2)	source · checked 8 September 2026
Multiple jurisdictions	no (0)	source · checked 8 September 2026
Open to retail	yes (2)	source · checked 8 September 2026

Total 6 of 16. Yes scores 2, partial 1, no 0. A secondary source is press or a third party rather than the bank or its regulator. Unverified means no source could be found; the score stands until one is.

Standing

Jurisdiction	UAE · Ajman
Type	Neobank
Health tag	Unknown Licensed and Shariah-governed, but launched in 2024 with almost no published financials yet. · checked 26 August 2026
Last verified	8 September 2026

What ruya allows and blocks

Allowed

Buying and selling Bitcoin in the ruya app, executed by Fuze (Morpheus Software Technology FZE), a VARA licensed broker-dealer, licence VL/23/10/002
Bitcoin investing reviewed and overseen by ruya's Shari'ah supervision committee
Holding Bitcoin through Fuze under the bank's app, with the bank routing all money in and out of the position
Free Mastercard debit card that works abroad, with Apple Pay, Google Pay and Samsung Pay
Retail current, savings and kids accounts for UAE residents aged 18 and over, opened through UAE PASS
Business accounts for UAE companies at AED 79 a month with no minimum balance

Blocked or restricted

Withdrawing Bitcoin to a third-party wallet. Fuze's retail terms say the client will not have that right, except during a prolonged Fuze outage
Depositing crypto from outside. All deposits and withdrawals of funds and virtual assets can only be routed through the bank
Stablecoins. Only Bitcoin is named on ruya's investment page, and Fuze can change the accepted asset list at will
Staking or crypto yield. Fuze provides an execution-only buy and sell service, and ruya's fiat deposits pay Mudaraba profit with no guaranteed rate
Non-residents. Account terms require you to be a UAE resident
No published policy on fiat transfers to or from crypto exchanges. Card use is limited to transactions legal in the UAE and compliant with Shari'ah

Opening an account

Retail accounts are for UAE residents aged 18 or over. Sign-up runs through UAE PASS in the app and the bank says it takes under five minutes. Emirates ID is the identity document managed inside the app.
The Bitcoin service needs an existing ruya account plus a Fuze account opened through the app. The bank shares your KYC file with Fuze and Fuze runs its own AML checks before you can trade.
Standard retail accounts carry AED 40 a month unless you transfer a salary of AED 20,000 a month or keep an average balance of AED 10,000. Business accounts cost AED 79 a month with no minimum balance and open online in about 20 minutes.
Business applicants need a trade licence, MoA and AoA, incorporation certificate, VAT certificate, board resolution, proof of address, six months of bank statements, and Emirates ID and passport for shareholders and signatories.
The bank does not publish a minimum Bitcoin order size or who gets turned down for the crypto service. The FAQ on eligibility exists but its answer only loads in the app or on the live page.

Fees that matter

Account fee AED 40 a month for standard retail accounts, waived with a AED 20,000 monthly salary transfer or a AED 10,000 average balance. Business accounts AED 79 a month.
Bitcoin trading fees are not published as numbers. The bank claims the lowest fees in the market, and Fuze's terms say fees are shown in each order, exclude VAT, and can change by agreement between Fuze and the bank.
Card FX markup is 3 percent of the transaction value on non-AED spending. Debit card issuance is free, a replacement card is AED 26.25.
Local transfers cost AED 0.50 up to AED 50,000 and AED 1.05 above that. Foreign currency transfers cost AED 10.50. If Fuze ever lets you move Bitcoin out during an outage, you pay the network fee.

Regulatory history

2024	Licensed by the Central Bank of the UAE as a national Islamic specialised bank in Ajman, register number 01.01.08.067.2024.04, and launched the same year source
2025	April: announced Bitcoin and virtual asset investments through Fuze, calling itself the first Islamic bank to do so. Press reports in May described a closed loop with cold custody at an ADGM custodian and an internal Shari'ah committee resolution source
2025	December: launched in-app Bitcoin buying and selling for customers, with oversight from the bank's Shari'ah supervision committee and Fuze as the licensed provider source

Questions about ruya

Can I buy Bitcoin with ruya bank?

Yes. ruya customers can buy and sell Bitcoin inside the app. The service went live in December 2025 and is run by Fuze, a Dubai broker-dealer licensed by VARA. ruya's Shari'ah supervision committee oversees the offer, and only Bitcoin is listed.

Can I withdraw my Bitcoin from ruya to my own wallet?

No. Fuze's retail terms say you will not have the right to withdraw virtual assets to any third-party wallet, and all money and crypto moves through the bank. The one exception is a Fuze outage that blocks sell orders for a full business day, after which you can ask for a transfer out and pay the network fee.

Does ruya let me send money to Binance or Kraken?

The bank does not publish a policy on transfers to crypto exchanges. Its terms only say card spending must be legal in the UAE and compliant with Shari'ah. If you need this, ask the bank before opening an account.

Who can open a ruya account and what does it cost?

UAE residents aged 18 and over, through UAE PASS in the app. Standard accounts cost AED 40 a month unless you transfer a salary of AED 20,000 or hold an average of AED 10,000. Business accounts are AED 79 a month with no minimum balance. Bitcoin trading fees are not published as figures.

Closest alternatives

7/16Liv · Emirates NBD
Yes for buying and holding crypto inside the app. Coins stay with the custodian, and there is no published route to an external wallet.8/16RAKBank
Yes. Crypto trading is built into the app, but it is a closed loop run by Bitpanda, and exchange transfer rules are not published.

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