The first Digital Islamic Bank of the EAU announced that it allowed customers to buy and sell cryptocurrencies as a bitcoin directly through its mobile application.
The new service is sacrificed in association with Fuze, a licensed leader and well established in the virtual asset space, to ensure that it is safe, easy to use and totally aligned with the ethical Islamic principles, the bank said.
Islamic bank encryption service
The measure makes it the first Islamic Bank worldwide that allows customers to make transactions in virtual currencies.
This service is part of the Bank’s broader investment offer, designed to promote the ethical construction of Islamic wealth and long -term financial growth, he said.
With the global increase in interest around virtual assets, the last offer of the bank is attended to customers who seek to diversify their responsible wallets, while adhere to transparency, justice and ethical investment values.
“In Ruya, we are committed to transforming the financial panorama in the EAU offering forwarding services, while we stay faithful to our ethical Islamic bank mission,” said Christoph Koster, CEO of Ruya.
“By integrating virtual assets into our investment platform, our goal is to train our clients to participate in the sustainable and responsible digital economy,” he added.
Mohammed Ali Yusuf, co -founder and CEO of Fuze, said that associating with Ruya is a great step to make virtual assets a perfect part of everyday bank.
“Together, we are combining Fuze’s avant -garde infrastructure with Ruya’s commitment to ethical Islamic banking,” he said.
Unlike the platforms that foster speculative trade, the Bank’s virtual asset service is part of a carefully selected investment frame, creating durable value and supporting its clients’ financial objectives, the bank said.
This movement comes at a time when EAU experiences rapid growth in the activity of virtual assets, positioning itself as a leading virtual asset center in the region of mid and northern Africa (Mena).
