Introduction
Ruya Community Islamic Bank LLC offers a Zero Balance Current Account specially designed for individuals and small businesses who want a Shariah-compliant banking solution with no minimum balance requirement. If you are looking for a simple and cost-effective account to manage your day-to-day business or personal transactions, this account is a smart choice.
Key Benefits
Here are the top benefits of opening a Zero Balance Current Account with Ruya Bank:
- ✅ No Minimum Balance Required
- ✅ Free Monthly Plan under STANDARD tier
- ✅ Free First Cheque Book (25 or 50 leafs)
- ✅ Free E-Statements
- ✅ 3 Free ATM Withdrawals per month from other UAE banks
- ✅ Islamic Banking – Shariah-compliant
- ✅ Dedicated Mobile App & Online Banking Access
- ✅ Free Cash Deposits via Partner Machines
- ✅ Suitable for both Individuals and Small Businesses
Required Documents
To open this account, you will need to submit the following:
1. For Individuals:
- ✔️ Valid Emirates ID (original + copy)
- ✔️ Passport with valid UAE residence visa
- ✔️ Salary certificate or source of income proof
- ✔️ Utility bill or tenancy contract (for address proof)
2. For Businesses:
- ✔️ Trade License copy
- ✔️ MOA (Memorandum of Association)
- ✔️ Passport and Emirates ID of owners
- ✔️ Company stamp
- ✔️ Address proof (Tenancy Contract/Utility Bill)
Eligibility Criteria
- Must be a UAE resident with a valid Emirates ID
- Minimum age: 21 years and above
- Both individuals and businesses are eligible
- Must meet Ruya Bank’s internal risk checks
Fees and Charges (STANDARD Plan Highlights)
| Service | Charge |
|---|---|
| Monthly Plan | Free |
| Account Closure (within 6 months) | AED 105 |
| Cheque Book (first one) | Free |
| Extra Cheque Book (25 leafs) | AED 26.25 |
| Returned Cheque | AED 105 |
| UAE Local Transfer (below AED 50K) | AED 0.50 |
| Foreign Transfer | AED 10.50 |
| Debit Card Replacement | AED 26.25 |
| Teller Transactions | AED 5.25 per visit |
💡 Tip: Always check the latest charges on Ruya’s official website or mobile app.
Why Choose This Account?
- 💼 Ideal for freelancers, small business owners, and startups
- 🕌 100% Islamic Banking Principles (no interest, no riba)
- 🆓 Enjoy zero balance without penalty
- 📱 Easy to track and manage account via mobile app
- 🧾 First cheque book and online statements are completely free
Final Verdict
The Ruya Zero Balance Current Account is perfect if you want a simple, no-fuss, low-cost banking option in the UAE. You save money on fees, enjoy flexibility, and follow Islamic finance values. Whether you’re an individual managing household payments or a business handling client transactions—this account gives you the right tools without extra cost.
🔗 Sources:
- Official Website of Ruya Community Islamic Bank –
Ruya Bank clearly states on its official website that its current account has zero minimum balance, no hidden charges, and can be opened within minutes using UAE PASS or Emirates ID.
🔗 https://ruyabank.ae/personal-banking - LinkedIn Update by Christoph Koster (CEO of Ruya Bank) –
The CEO shared that Ruya’s account comes with no minimum balance, no hidden fees, and is designed for Shari’ah-compliant digital banking.
🔗 https://www.linkedin.com/posts/christophkoster_bankingmadeeasy-digitalbanking-ethicalislamicbanking - Reddit UAE Community Feedback –
Real users confirmed on Reddit that Ruya Bank does not require a minimum balance and has transparent, fee-free banking.
🔗 https://www.reddit.com/r/UAEcreditcards/comments/1erzxfk/recomendation_about_ruya_bank
