Technology

Network International, a leading enabler of digital commerce across the Middle East and Africa, has announced a strategic partnership with Ruya Bank, the UAE’s digital-first Islamic community bank. This collaboration aims to transform Islamic banking by integrating advanced digital payment technology with Shariah-compliant banking services.

The partnership will allow Ruya to introduce a comprehensive suite of digital services to enhance customer experiences, offering features like instant transaction processing, personalized user interfaces, and a range of digital banking tools. Network International's cutting-edge solutions will ensure faster transaction speeds, greater convenience, and heightened security for Ruya's customers.

Christoph Koster, CEO of Ruya, emphasized the significance of combining technology with Islamic finance principles: "This collaboration with Network International will allow us to deliver secure, innovative, digital-first banking services while adhering to the core values of Islamic banking."

Navneet Dave, Managing Director & Co-Head of Processing for the Middle East at Network International, expressed enthusiasm for the partnership, noting that Network's expertise in payment solutions will drive growth for Ruya while enhancing the bank's presence in the UAE.

The partnership is expected to advance Shariah-compliant banking standards and foster greater financial inclusion, contributing to the UAE’s growing digital economy.

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