Ruya Islamic Bank Launches Shari’ah-Compliant Personal Finance
▼ Summary
– ruya Community Islamic Bank has launched a new Shari’ah-compliant Personal Finance solution to help customers fund personal and family goals.
– The application process is fully digital and allows customers to instantly view an indicative instalment estimate and apply via the ruya app.
– Key features of the financing include a quick, paperless process, competitive profit rates, and flexible payment tenors.
– The CEO stated the product combines Shari’ah-compliant financing with digital innovation for confident planning and application.
– The finance is designed to help manage expenses like education, weddings, or travel, ensuring clarity and trust.
Ruya Islamic Bank has unveiled a new Shari’ah-compliant Personal Finance product, offering customers a swift and fully digital method to secure funding for their personal and family objectives. This launch reinforces the bank’s commitment to merging ethical financial principles with modern technological convenience. Clients can now obtain an immediate estimate of their potential instalments and submit an application directly through the ruya mobile app, streamlining the entire process from start to finish.
The service is built around a quick and entirely paperless application process, eliminating traditional paperwork and delays. It provides competitive profit rates and flexible payment tenors, giving borrowers adaptable options to suit their financial situations. Most importantly, every aspect of the financing adheres strictly to Shari’ah-compliant principles, ensuring transparency and ethical compliance.
Christoph Koster, the CEO of ruya, expressed his enthusiasm for the new offering. He stated that the solution was developed with the community’s needs at the forefront, blending digital innovation with the trusted values of Islamic finance. This allows customers to confidently plan for major life events and apply for financing at their convenience, from any location.
The personal finance product is designed to assist with a variety of needs, including covering education fees, wedding celebrations, travel plans, or unforeseen costs. ruya emphasizes clarity and trust throughout the customer journey. Individuals interested in learning more or beginning an application can do so by downloading the official ruya mobile app.
Headquartered in Ajman, ruya Community Islamic Bank began operations in 2024. It operates as a licensed Islamic Specialised Bank under the supervision of the Central Bank of the UAE. The institution focuses on delivering a secure and user-friendly digital banking experience for both individuals and businesses, grounded in the core values of fairness, transparency, and social responsibility. Beyond banking services, ruya actively engages with the community by supporting financial literacy and inclusion through its branches, which function as educational hubs.
(Source: MEA Tech Watch)
