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4/15/25, 9:27 AM Latest News

Al Ansari Exchange and ruya Partner to Offer Free Cash
Deposits Across the UAE

14/04/2025

Dubai, UAE - 14 April 2025: 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.”
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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