Minimum age
18 years
ruya Current Account
ruya Current Account is a Sharia-compliant everyday account with no monthly fee, no minimum balance and no salary rule. Opened in the app with UAE PASS.
At a glance
Key facts
Monthly FeeNo monthly fee
Minimum SalaryNo minimum salary
Minimum BalanceNo minimum balance
The ruya Current Account is an Islamic account for everyday banking: receiving money, paying, withdrawing cash and making transfers. It works on a Qard Hasan basis. That means your money is placed with the bank as a deposit that earns no profit, and you can withdraw it whenever you want. If you want your balance to earn profit, the ruya Savings Account is the product for that.
ruya is a digital bank. You open the account in the ruya app with an active UAE PASS. You must be at least 18 and a UAE resident. No opening deposit, minimum balance or salary is required. A debit card is issued if you apply for one, and the account comes with a cheque book.
Who can open it
Residency
UAE resident
Minimum salary
No minimum
Salary transfer
Not required
Fees and balance
There is no monthly fee on this account, whatever your balance and whether or not your salary is paid into it. The charge to know about is for closing early: AED 105 if you close the account within 6 months of opening it. That fee does not apply if you change your mind and cancel within 5 working days of opening. One cheque book is free, and the bank charges for additional ones.
Minimum balance
None
Minimum opening amount
None
Monthly fee
Free
Account closure fee
AED 105
Charged only within 6 months of opening. Waived within 5 working days.
In plain words
- Account closure fee
- A one-off charge of AED 105 for closing the account within 6 months of opening it. Closing it later costs nothing. Closing within the first 5 working days carries no charge either. More on this
- Opening amount and minimum balance
- The opening amount (AED 0) is what you pay in to start the account. The minimum balance is what you keep in it afterwards. More on this
Benefits
Free Debit Card
A debit card linked to the account is issued when you apply for one.
Cheque Book Included
Cheque books are issued with 10 or 25 leaves.
Digital Cheque Deposits
Deposit cheques through the ruya app without visiting a branch.
Shariah-compliant
Banking model
Cheque book available
Cheque book
How to open
Before you apply
1.Open in the app.
2.No minimum salary.
3.Salary transfer is not required.
4.No minimum balance.
5.Debit card included.
Application steps
1.Download the ruya app from the App Store or Play Store.
2.Sign up in the app with your active UAE PASS.
3.Apply for your debit card once the account is open.
Good to know
Good option for
Anyone who wants a Sharia-compliant everyday account with a cheque book and no balance, salary or monthly fee conditions.
Consider another account if
You want your everyday balance to earn profit, since this account pays none. Compare other Islamic accounts.
Returned cheques
Keep enough money in the account to cover any cheque you write. If four or more of your cheques are returned unpaid for lack of funds in a calendar year, ruya can close the account, and returned cheques can lead to a negative report to the credit bureau.
Frequently asked questions
Get answers to common questions about the ruya Current Account