Network International, a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with ruya, the UAE’s digital-first Islamic community bank. The collaboration aims to transform Islamic banking by integrating cutting-edge digital payment technology with Shariah-compliant principles.
This partnership will enable ruya to offer a seamless, secure digital banking experience, featuring instant transaction processing, personalized user interactions, and a wide array of digital services. Network International, as the UAE’s largest payment solutions provider, will enhance transaction speed and convenience, driving a digital-first approach that improves customer experiences.
In addition to its payment solutions, Network will provide value-added services such as tokenization, card control, and fraud prevention, all while ensuring compliance with Islamic banking ethics and practices.
Christoph Koster, CEO of ruya, emphasized the importance of combining innovative technology with Islamic finance principles, stating, “This collaboration with Network International will further enhance our ability to deliver secure, digital-first banking products and exemplary service to individuals, businesses, and communities across the UAE.”
Navneet Dave, Managing Director & Co-Head of Processing for the Middle East at Network International, expressed enthusiasm for the partnership, saying, “We are excited to partner with ruya to transform digital Islamic banking in the UAE. Our expertise and advanced technology will support ruya’s growth and expand their footprint in the country.”
This partnership is expected to elevate Shariah-compliant banking standards and foster greater innovation and financial inclusion within the UAE’s expanding digital economy. By combining their strengths, Network International and ruya aim to deliver enhanced convenience and security in ethical banking services.
