United Arab Emirates
ruya
Ruya Community Islamic Bank LLC. CBUAE. Ajman. Digital-first Islamic bank, launched 2024.
7.1Solid
activeFeaturedNeobankHalal banking
- HQ
- Ajman
- Fee
- Business page: no hidden fees / no minimum balance pitch — confirm live tariff
YAP
Waitlist money app. Not a bank. Official: powered by Ruya Community Islamic Bank LLC.
Legal entity: YAP — not the deposit-taker; Ruya Community Islamic Bank LLC is
Rate this app
5.8Caution
AlternativesFive questions
At a glance
Is it a bank?
Yes — YAP itself does not offer banking — powered by Ruya Community Islamic Bank LLC (Central Bank of the UAE (via partner)). Still read the entity on the statement.
If it fails?
YAP homepage, 2025 copyright: products that constitute banking or regulated financial activities are provided by and powered by Ruya Community Islamic Bank LLC, licensed by the Central Bank of the UAE. YAP itself does not offer or provide any banking or regulated financial services. It facilitates a digital platform. Deposit protection, if any, sits at Ruya — not at the YAP icon.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Waitlist. Not a live open.
Monthly fee
No minimum balance / no hidden fees on the waitlist pitch
Account number
IBAN is part of the pitch — issuing country not stored.
NeoBankDBVerdict
Licence first · score second
5.8
/10 · Caution
YAP’s 2025 homepage is the rare UAE fintech that writes the quiet part: YAP itself does not offer or provide any banking or regulated financial services; those activities are provided by Ruya Community Islamic Bank LLC, licensed by the Central Bank of the UAE. The new YAP app is a waitlist. Virtual cards and a ‘free IBAN’ are marketing for a product that is not live on that page. Open ruya if you want the CBUAE bank. Do not treat a waitlist as a salary rail.
What it is
Older directories still sell YAP as a UAE neobank. The live footer sells it as a front for ruya. NeoBankDB files the footer.
Best for: Nobody as a salary home until the waitlist is a live Ruya account you can read on a statement.
Last checked 2026-09-03. Not advice.
What it does well
- +Honest footer: YAP does not provide banking
- +Names Ruya Community Islamic Bank LLC
- +CBUAE sits on the partner, not the icon
What to watch
- −Waitlist
- −Not a bank
- −New app not live on the homepage we read
- −Do not send salary to a waitlist
Legal entity, not the app icon
Who is behind it
- Legal name
- YAP — not the deposit-taker; Ruya Community Islamic Bank LLC is
The product, not the brand colour
The account
- Platforms
- Waitlist
- Account types
- Waitlist money app
- Partner bank
- Ruya Community Islamic Bank LLC
- Availability
- United Arab Emirates (waitlist)
- Remote open
- Waitlist. Not a live open.
How money actually moves
- Who holds the cash
- E-money / stored-value — not a bank deposit
- How money moves
- IBAN / SEPA
- Built for
- Personal
- Settlement
- Local rails instant where live; SWIFT slower
- Freeze risk
- Closed — no new customers
- Card
- virtual
Licence first
Safety
YAP homepage, 2025 copyright: products that constitute banking or regulated financial activities are provided by and powered by Ruya Community Islamic Bank LLC, licensed by the Central Bank of the UAE. YAP itself does not offer or provide any banking or regulated financial services. It facilitates a digital platform. Deposit protection, if any, sits at Ruya — not at the YAP icon.
Holder / issuer: Ruya Community Islamic Bank LLC (YAP’s own footer)
- Central Bank of the UAE (via partner)YAP itself does not offer banking — powered by Ruya Community Islamic Bank LLC · United Arab Emirates
Fees
- Monthly
- No minimum balance / no hidden fees on the waitlist pitch
- FX markup
- Not a live product this pass
- ATM
- Waitlist
Features
- ✓IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- –Google Pay
- ✓Virtual card
- –Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Waitlist for a new YAP app
- Virtual cards in the pitch
- IBAN story via the partner bank
- Not a CBUAE bank in its own name
Before you tap Sign up
How to open
Step 1
Read the footer
YAP does not provide banking. Ruya Community Islamic Bank LLC does.
Step 2
If you want a bank, open ruya
CBUAE Islamic bank in Ajman. Separate file.
Step 3
Do not send salary here
A waitlist is not an account number.
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 5.8
- Fees20%
- 7.5
- Features15%
- 6.0
- App15%
- 6.5
- Global15%
- 3.0
- Support10%
- 5.5
Change log
Full logLicence
YAP does not provide banking — powered by ruya
Official footer: YAP itself does not offer banking or regulated financial services. Ruya Community Islamic Bank LLC does. Waitlist for a new app.
Available in
Straight answers
FAQ
01Is YAP a bank?
YAP holds a banking-style licence (Central Bank of the UAE (via partner)). Still read the legal entity on the statement, not the app icon.
02How is money protected?
YAP homepage, 2025 copyright: products that constitute banking or regulated financial activities are provided by and powered by Ruya Community Islamic Bank LLC, licensed by the Central Bank of the UAE. YAP itself does not offer or provide any banking or regulated financial services. It facilitates a digital platform. Deposit protection, if any, sits at Ruya — not at the YAP icon.
03Where is YAP available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with YAP.
04Card and wallets?
virtual
05Can I open YAP remotely?
Waitlist. Not a live open.
06What is the legal name behind YAP?
YAP — not the deposit-taker; Ruya Community Islamic Bank LLC is. Read the entity on the statement, not the app icon.
07Is YAP a bank?
No. Official: YAP itself does not offer banking or regulated financial services. Banking is provided by Ruya Community Islamic Bank LLC.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
Full alternatives page
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