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4/15/25, 9:27 AM Al Ansari Exchange and ruya Partner to Offer Free Cash Deposits Across the UAE - Middle East Business News and Information - …
Al Ansari Exchange and ruya Partner to Offer

Free Cash Deposits Across the UAE

April 14, 2025 9

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.

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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.”

Christoph Koster, CEO of ruya, echoed this sentiment, saying, “Our partnership with Al Ansari Exchange is a testament
to our mission of providing seamless and inclusive financial services to our customers. The no-charge cash deposit
service using our domestic remittance option at over 260 locations across the UAE is a significant step towards making
banking more accessible and straightforward for everyone.”

This collaboration marks a significant advancement in enhancing digital banking services while ensuring financial
inclusion and cost-effective solutions for customers throughout the UAE. As the UAE continues to establish itself as a
global financial hub, partnerships like this play a crucial role in fostering innovation and making banking services more
accessible to all.

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