Banking Meets Business Tools—Seamlessly

A new partnership is set to make a big difference for SMEs in the UAE.

ruya Community Islamic Bank has teamed up with the fintech company Peko to launch a new digital platform for entrepreneurs. This platform aims to simplify how SMEs start and run their businesses, and it will be fully compliant with Islamic values.

What to Expect From the New Platform

The new platform will bring together more than 50 different business services in one place. This means that business owners will no longer have to navigate various websites and applications to get things done.

Some of the services available will include:

• Company formation and license renewals

• Bill payments

• HR tools

• E-sim provisioning and travel services

• Software subscriptions and WhatsApp for Business integration

• Automated financial reporting

Christoph Koster, the CEO of ruya Community Islamic Bank, explained that this initiative is part of a wider effort to give entrepreneurs more than just financial products. The goal is to provide practical solutions that help businesses grow while following Shari’a principles.

Kashif Khan, the founder and CEO of Peko, added that the collaboration shows the future of SME banking. The partnership will bring financial services and everyday business tools together in a single, seamless experience.

This new offering is an extension of ruya's existing services for SMEs, which include business banking accounts, Shari'a-compliant financing, and digital invoicing. It’s an example of how technology is being used to build a more supportive ecosystem for businesses in the region.