The Free Zones Authority (FZA) of Ajman has entered into a strategic partnership with ruya, the UAE’s digital-first Islamic bank, to provide comprehensive business banking services for startups and SMEs. This initiative is aligned with the goal of simplifying the process of doing business in the UAE, ensuring new enterprises can operate efficiently from inception.

Through this partnership, business customers will benefit from a seamless digital account opening process, with no minimum balance requirements and no hidden fees.

This supports ruya’s commitment to transparency and accessibility.

The business banking service is specifically targeted at micro, small and medium-sized businesses, freelancers, entrepreneurs and startups. Customers will be able to manage their finances effectively using ruya’s advanced business internet banking platform.

One of the key advantages of this collaboration is the immediate bank account opening process, available upon receipt of business licenses from any of the integrated free zones under the Free Zones Authority of Ajman. This streamlined process will facilitate smoother business operations and financial management, enabling companies to focus on growth and success.

His Excellency Ismail Al Naqi, Director General of the Free Zones Authority of Ajman, expressed his delight with this strategic cooperation with ruya. He said: “As part of our intensive efforts to develop an integrated ecosystem to attract entrepreneurs and find proactive solutions that ensure they obtain the resources and support.