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Singapore

Ruya Bank

Introduction

Ruya is a digital-first Islamic bank in the UAE, offering Shari'ah-compliant banking solutions for individuals, businesses, and communities. Designed for SMEs, startups, and entrepreneurs seeking ethical, Shariah-compliant banking with no minimum balance and seamless digital onboarding.
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Banking Services

Final approval is at Ruya Bank's sole discretion

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Highlights & Benefits

No Minimum Balance & Transparent Fees

Run your business account with no balance requirements and zero hidden charges

100% Shari’ah-Compliant Banking

Ethical Islamic banking solutions aligned fully with Shari’ah principles, including Wakala deposits

Fast Account Setup

Open your business account in as little as 48 hours with a smooth onboarding process

WPS-Ready Payroll Solutions

Seamlessly process employee salaries in compliance with UAE WPS regulations

Comprehensive Payment Services

Send and receive payments, manage bills, and access multi-currency support with ease

Relationship-Led & Community Focused

Enjoy dedicated relationship managers, exclusive Mastercard benefits, and strong support for local businesses

Resources

Account Opening Process

Step-by-step guide to get started

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Required Documents

Everything you need to apply

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Plans & Pricing

Compare plans and features

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Documents from the Authority

Guide on Busines...

Features and Fee...

Frequently Asked Questions

Is Ruya Bank fully digital or does it have physical branches?

Ruya is a digital-first bank, meaning the majority of its services — from account opening to day-to-day banking — are managed through its mobile app and online platform.

Are there any minimum balance or maintenance fee requirements with Ruya?

Ruya does not require a minimum balance to maintain your account. However, a monthly maintenance fee of AED 79 applies to business accounts.

How long does account opening take with Ruya?

The typical account opening timeline is 1–2 weeks.

What currencies and payment types does Ruya support?

Ruya supports UAE dirham (AED) transactions as its primary currency and facilitates local and international transfers. As a Sharia-compliant bank, all payment products — including cards and credit facilities — are structured to avoid interest, using profit-sharing or fee-based models instead.

Terms & Conditions

Companies must maintain proper records and provide accurate documentation during the process.

Bank reserves the right to request additional documents or clarifications during the process.

Arnifi facilitates the account opening process and is not responsible for the bank's final approval or rejection decision. Banks reserve the right to decline any application based on their own KYC and compliance criteria.

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Banking Services