ruya bank expands digital Islamic finance model as industry assets surpass $4.5 trillion

UAE-based ruya bank says digital-native institutions will drive the next phase of growth in Islamic finance, as global Shariah-compliant assets exceed $4.5 trillion and are projected to reach $6.7 trillion by 2027.

The bank’s model blends digital infrastructure with ethical accountability. Its retail platform offers Shariah-screened portfolios including equities, ETFs, sukuk, gold and digital assets. For smaller businesses, ruya provides fully digital Shariah-compliant financing, targeting a segment often underserved by conventional lenders.

ruya’s Banking-as-a-Service (BaaS) system allows fintech partners to integrate Islamic-compliant products into platforms focused on youth, women and micro-enterprises. 

The bank has also linked its business model to environmental commitments through “Nature Protect,” an initiative that conserves one square foot of primary forest for every Dh1,000 held by a customer over a decade.