
ruya leads the Way with New Shari'ah-Compliant Commodity Murabaha in Partnership with DDCAP Group™ - Middle East Business News and Information
Through this collaboration, ruya will leverage DDCAP's award-winning, asset-based platform, ETHOS AFP™, to structure and execute Commodity Murabaha transactions, providing customers with access to transparent, Shari'ah-compliant financing solutions. The initiative reflects ruya's mission to build a values-driven digital Islamic community bank delivering ethical and inclusive financial services. From initiation to settlement, all steps of the transaction are conducted digitally, ensuring speed, traceability and a consistent Shari'ah-compliant user experience.
This initiative comes at a pivotal time as the UAE accelerates its ambition to become a global capital for Islamic finance and the broader halal economy, in line with the recently approved UAE National Strategy for the Islamic Economy and Halal Industry. The National Strategy emphasizes financial innovation, inclusivity, and the digitalization of Islamic services—principles that are at the heart of this new product offering.
Christoph Koster, CEO – ruya
'At ruya, our ambition is to empower our customers through principled, accessible banking. Partnering with DDCAP enables us to bring to market a product that is not only digitally advanced and ethically grounded but also aligned with the UAE's national strategic direction for Islamic Finance.'
Stella Cox CBE, FCSI(Hon), Managing Director – DDCAP Group™
'Our partnership with ruya underlines our joint commitment to advancing Islamic banking through responsibly aligned digital transformation. By integrating ETHOS AFP™, DDCAP's Shari'ah compliant asset-facilitation platform, with ruya's digital banking architecture, our API connectivity brings a new generation of inclusive, Shari'ah compliant financial solutions to serve digital native, faith focused and values conscious customers.'
This collaboration supports the UAE's broader strategic goal of becoming a global hub for Islamic finance while advancing financial inclusion and sustainable growth.
————————————————————————————————————
For more information on how to start investing in virtual assets through ruya , please visit www.ruyabank.ae .
About ruya (رويا):
Headquartered in Ajman and launched in 2024, ruya (Ruya Islamic Community Bank LLC) is a fusion of innovative technology and the enduring principles of Islamic banking, designed for individuals and businesses alike. Licensed by the Central Bank of the UAE as a Specialised Bank, ruya delivers a seamless digital banking experience built on robust security and intuitive design. Guided by the pillars of fairness, transparency, and social responsibility, ruya is deeply rooted in the community supporting families, entrepreneurs and small businesses while fostering financial literacy and inclusion through open-door branches that serve as hubs of education and support. ruya is also proud to be Great Place to Work® Certified, a testament to its inclusive culture and employee-first values.
For media inquiries: pr@ruyabank.ae
Website: http://www.ruyabank.ae
Twitter/X: myruyabank
Instagram: myruyabank
LinkedIn: ruya
Facebook: myruyabank
TikTok: @myruyabank
YouTube: @myruyabank
Snapchat: myruyabank
About DDCAP Group™
DDCAP Group™ (DDCAP) is the industry-leading market intermediary and digital solutions enabler, connecting the global Islamic financial market responsibly via its proprietary, multi award-winning platform, ETHOS AFP™ (ETHOS). Outside of its London headquarters, DDCAP's international footprint includes representative offices in Bahrain, the Dubai International Financial Centre, Dubai and Kuala Lumpur. ETHOS is the market leading, multiple award-winning real-time trade and post trade services platform which provides continuous coverage and enables DDCAP clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal for onward sale to their own clients and counterparties, with functionality delivering an array of benefits and efficiencies whilst mitigating trade and operational risks. DDCAP is committed to developing and supporting awareness of the business and ethical adherence for responsible finance. DDCAP's own commitment to Sustainable and Responsible Actions ('SRA') is reinforced within policy that extends across its corporate environment and infrastructure, business offerings and services and engagement with its stakeholders and other third parties internationally.
For media inquiries: communications@ddcap.co.uk
Website: http://www.ddcap.com
LinkedIn: DDCAP Group™
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CairoScene
2 days ago
- CairoScene
Amazon Partners With Tamara to Expand BNPL Offering in KSA & UAE
Amazon Payment Services has teamed up with the Saudi fintech to offer interest-free Buy Now, Pay Later solutions in the UAE and Saudi Arabia, aiming to boost consumer choice across sectors. Jul 10, 2025 Amazon Payment Services has announced a new partnership with Saudi fintech Tamara to offer Buy Now, Pay Later services to merchants in the UAE and Saudi Arabia. The move aims to enhance payment flexibility for consumers and expand Sharia-compliant instalment options across the region's digital economy. The service allows customers to split payments into four interest-free instalments with no hidden fees or penalties. Tamara's BNPL offering will be integrated into Amazon Payment Services' existing merchant ecosystem, providing a unified digital payment solution across industries such as e-commerce, fashion, healthcare, travel, and education. For merchants, the addition of BNPL is expected to increase conversion rates, average basket sizes, and customer retention, while reducing cart abandonment. The integration also includes streamlined reporting and reconciliation tools to support financial tracking. Amazon Payment Services already supports BNPL options through more than 25 banking partners in the UAE, Saudi Arabia, Egypt, and Jordan. The Tamara integration adds a debit-based solution to its suite of instalment services, offering greater choice to merchants and consumers alike.


Mid East Info
3 days ago
- Mid East Info
ruya leads the Way with New Shari'ah-Compliant Commodity Murabaha in Partnership with DDCAP Group™ - Middle East Business News and Information
ruya (رويا), the UAE's digital-first Islamic bank, is proud to announce a strategic partnership with DDCAP Group™, a global leader in Shari'ah-compliant financial solutions, to launch a next-generation Commodity Murabaha offering for its customers. Through this collaboration, ruya will leverage DDCAP's award-winning, asset-based platform, ETHOS AFP™, to structure and execute Commodity Murabaha transactions, providing customers with access to transparent, Shari'ah-compliant financing solutions. The initiative reflects ruya's mission to build a values-driven digital Islamic community bank delivering ethical and inclusive financial services. From initiation to settlement, all steps of the transaction are conducted digitally, ensuring speed, traceability and a consistent Shari'ah-compliant user experience. This initiative comes at a pivotal time as the UAE accelerates its ambition to become a global capital for Islamic finance and the broader halal economy, in line with the recently approved UAE National Strategy for the Islamic Economy and Halal Industry. The National Strategy emphasizes financial innovation, inclusivity, and the digitalization of Islamic services—principles that are at the heart of this new product offering. Christoph Koster, CEO – ruya 'At ruya, our ambition is to empower our customers through principled, accessible banking. Partnering with DDCAP enables us to bring to market a product that is not only digitally advanced and ethically grounded but also aligned with the UAE's national strategic direction for Islamic Finance.' Stella Cox CBE, FCSI(Hon), Managing Director – DDCAP Group™ 'Our partnership with ruya underlines our joint commitment to advancing Islamic banking through responsibly aligned digital transformation. By integrating ETHOS AFP™, DDCAP's Shari'ah compliant asset-facilitation platform, with ruya's digital banking architecture, our API connectivity brings a new generation of inclusive, Shari'ah compliant financial solutions to serve digital native, faith focused and values conscious customers.' This collaboration supports the UAE's broader strategic goal of becoming a global hub for Islamic finance while advancing financial inclusion and sustainable growth. ———————————————————————————————————— For more information on how to start investing in virtual assets through ruya , please visit . About ruya (رويا): Headquartered in Ajman and launched in 2024, ruya (Ruya Islamic Community Bank LLC) is a fusion of innovative technology and the enduring principles of Islamic banking, designed for individuals and businesses alike. Licensed by the Central Bank of the UAE as a Specialised Bank, ruya delivers a seamless digital banking experience built on robust security and intuitive design. Guided by the pillars of fairness, transparency, and social responsibility, ruya is deeply rooted in the community supporting families, entrepreneurs and small businesses while fostering financial literacy and inclusion through open-door branches that serve as hubs of education and support. ruya is also proud to be Great Place to Work® Certified, a testament to its inclusive culture and employee-first values. For media inquiries: pr@ Website: Twitter/X: myruyabank Instagram: myruyabank LinkedIn: ruya Facebook: myruyabank TikTok: @myruyabank YouTube: @myruyabank Snapchat: myruyabank About DDCAP Group™ DDCAP Group™ (DDCAP) is the industry-leading market intermediary and digital solutions enabler, connecting the global Islamic financial market responsibly via its proprietary, multi award-winning platform, ETHOS AFP™ (ETHOS). Outside of its London headquarters, DDCAP's international footprint includes representative offices in Bahrain, the Dubai International Financial Centre, Dubai and Kuala Lumpur. ETHOS is the market leading, multiple award-winning real-time trade and post trade services platform which provides continuous coverage and enables DDCAP clients worldwide to purchase from a responsible, diverse asset inventory via a secure, web-based portal for onward sale to their own clients and counterparties, with functionality delivering an array of benefits and efficiencies whilst mitigating trade and operational risks. DDCAP is committed to developing and supporting awareness of the business and ethical adherence for responsible finance. DDCAP's own commitment to Sustainable and Responsible Actions ('SRA') is reinforced within policy that extends across its corporate environment and infrastructure, business offerings and services and engagement with its stakeholders and other third parties internationally. For media inquiries: communications@ Website: LinkedIn: DDCAP Group™


Mid East Info
4 days ago
- Mid East Info
RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million
RAKBANK has successfully completed its first Additional Tier 1 AT1 security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. This reflects investor confidence in the Bank's financial strength and growth outlook. The additional capital strengthens the Bank's ability to support lending activities, invest in strategic initiatives, and reinforce its competitive position. It also enables RAKBANK to continue delivering innovative financial products and services to its customers. About RAKBANK: RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's oldest yet most dynamic banks. Since 1976, RAKBANK has been a market leader, offering a wide range of banking services across the UAE. We're a public joint stock company based in Ras Al Khaimah, UAE, with our head office located in the RAKBANK Building on Sheikh Mohammed Bin Zayed Road. The Government of Ras Al Khaimah holds the majority of our shares, which are publicly traded on the Abu Dhabi Securities Exchange (ADX). RAKBANK stands out for its innovation and unwavering commitment to delivering awesome customer experiences. Our transformative digital journey aims to be a 'digital bank with a human touch,' accompanying you during key moments. With 21 branches and advanced Digital Banking solutions, we offer a wide range of Personal, Wholesale, and Business Banking services. Through our Islamic Banking unit, RAKislamic, we provide Sharia-compliant services to make your banking experience seamless, whether you visit us in person or online.