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4/15/25, 9:26 AM Al Ansari Exchange and ruya partner to offer free cash deposits across the UAE

Al Ansari Exchange and ruya signs the agreement. Image Courtesy: Al Ansari Exchange

Al Ansari Exchange and ruya partner to offer
free cash deposits across the UAE

Aimed at enhancing financial inclusivity and convenience for customers across
the UAE

Press Release

April 14, 2025

Dubai, UAE - Al Ansari Exchange, the UAE’s largest remittance and foreign exchange
company and a subsidiary of Al Ansari Financial Services PJSC, and Ruya Islamic
Community Bank or “ruya”, a leading digital-first Islamic community bank, are thrilled to
announce that they have signed a strategic partnership aimed at enhancing financial
inclusivity and convenience for customers across the UAE. This collaboration will enable
ruya customers to enjoy instant and fee-free cash deposit services at over 260 Al Ansari
Exchange branches nationwide.

This initiative reflects both organisations' commitment to empowering individuals,
businesses, and communities by providing accessible and innovative financial solutions.

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, expressed enthusiasm about
the partnership, stating, “We are excited to collaborate with ruya, an innovative institution
that shares our dedication to customer satisfaction and innovation. This seamless and fee-
free cash deposit using our domestic remittance option is an excellent opportunity to extend
our trusted services to a broader audience, ensuring that more people can benefit from the
convenience and efficiency we offer.”

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