Roya Local Islamic Bank, headquartered in Ajman, is the latest addition to the Emirates’ banking sector. The bank was reported to be licensed by the Central Bank of the Emirates and brings the total number of local banks in the country to 23 by January 2024. Roya aims to provide a unique digital banking experience rooted in justice, transparency, and social responsibility.
On February 29, Roya announced its plans to launch services in the UAE markets by introducing modern and advanced digital Islamic banking services. This is an exciting development for individuals seeking innovative ways to manage their finances while adhering to Islamic values. The bank places emphasis on supporting families, entrepreneurs, and small businesses in the region.
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