The Economic Zones Authority of Ras Al Khaimah (RAKZ) signed a memorandum of understanding with the bank "Roya", aiming to provide digital banking solutions compliant with Islamic Sharia. This strategic partnership comes within the framework of enhancing the financial services sector in the emirate.
In this context, the head of the Economic Zones Authority stated that the cooperation with the bank "Roya" will contribute to providing distinguished banking services for investors and companies operating within the economic zone. A wide range of financial services and products will be provided to meet clients' needs effectively.
The chairman of the board of directors of the bank "Roya" pointed to the importance of the partnership with RAKZ, expressing their gratitude for the joint cooperation to strengthen the financial and economic infrastructure for Ras Al Khaimah. He confirmed that the bank will work on providing advanced and innovative banking services tailored to clients' needs in a precise and effective manner.
This step comes within the context of the ongoing development for the banking and financial sector in Ras Al Khaimah, reflecting the authority and the bank's commitment to providing modern and advanced services that contribute to supporting economic growth and enhancing the emirate's position as a leading financial center.
