The ruya-powered account embeds Shariah-compliant digital banking into Alaan’s spend platform as UAE business banking shifts toward AI tools.
UAE spend management platform Alaan has partnered with digital Islamic bank ruya to launch an AI-powered business bank account, bringing Shariah-compliant banking services directly into Alaan’s platform.
The companies said the offering makes Alaan the first fintech in the region to combine corporate cards, domestic and international supplier payments, invoice automation and accounting tools within a single AI-native platform.
The new account includes SuperPay, which enables local transfers within the UAE and international payments to more than 40 countries without transfer fees. It also features an AI tool called Alaan Intelligence, which automatically extracts information from invoices received by email or upload, identifying vendor details, VAT information, due dates and duplicate payments.
Approval and accounting workflows are integrated into the platform, with support for software including Odoo, Zoho, Xero and QuickBooks. Businesses can also receive customer payments through the same account used to manage outgoing transactions.
The banking services are powered by ruya’s Banking-as-a-Service infrastructure, allowing Alaan to offer embedded, Shariah-compliant account services. Users also receive unlimited local and international cashback on corporate card spending.
The launch comes amid rapid growth in the UAE business landscape. According to the companies, 250,000 new businesses were established in the country in 2025, taking the Middle East’s total number of companies to more than 1.4 million.
Founded in 2022, Alaan raised $48 million in a Series A round led by Peak XV Partners and says its platform is used by more than 3,000 finance teams, including those at G42, Careem, Tabby, McDonald’s and Al Barari.
The company recently announced an AED 3 million initiative to cover utility and telecom bills for businesses in the UAE, part of its broader effort to build what it describes as a financial operating system for companies in the region.