ruya has announced the launch of its ruya Mastercard Cashback Credit Card.
The card rewards everyday spending on categories such as groceries, fuel, dining and online shopping through cashback while remaining Shari’ah-compliant.
According to the bank, cardholders will earn 2% cashback on all purchases, with the exception of government-related transactions.
The card does not require a minimum spend to qualify for cashback, so customers earn rewards on all eligible transactions regardless of value.
Christoph Koster, Chief Executive Officer of ruya Bank, said:
“We wanted to create a product that removes the complexity from rewards, offering a transparent, Shariah-compliant way for our customers to realise genuine value from their daily spending. This card is about making financial empowerment accessible and straightforward.”
Customers can track and redeem cashback against unbilled transactions via the ruya mobile banking app.
The card follows a monthly billing cycle, with statements issued on the 25th of each month and payment due on the 18th of the following month.
The bank said the product is part of its broader effort to expand its digital-first banking services in line with its stated values of prosperity, integrity, partnership and community.
Featured image credit: Edited by Fintech News UAE, based on image by freepik
