KUALA LUMPUR – KAF Digital Bank has officially received regulatory approval from Bank Negara Malaysia (BNM) to begin onboarding the public as customers, following the successful completion of its intensive PERINTIS Phase. Starting 8 August 2025, KAF Digital Bank’s services will be available to all Malaysians, marking a major milestone in the bank’s journey to deliver innovative, Shariah-compliant digital banking solutions nationwide.
Throughout the PERINTIS Phase, the bank conducted extensive testing on its systems, security measures, and user experience with a select group of early users. Their feedback played a vital role in refining KAF Digital Bank’s offerings to ensure a smooth, secure, and customer-centric experience.
“We’re delighted to receive the go-ahead from the regulators to officially welcome the public,” said Rafiza Ghazali, Chief Executive Officer of KAF Digital Bank. “The successful conclusion of the PERINTIS Phase reflects the dedication of our team and our unwavering focus on delivering an exceptional digital banking experience. We deeply appreciate the contributions of our early users.”
KAF Digital Bank is on a mission to transform the Malaysian banking landscape by harnessing the power of technology to offer a full suite of financial services—including Shariah-compliant savings accounts, virtual debit cards, and seamless payment solutions. With a strong emphasis on financial inclusion, the bank is built around user-friendly digital platforms tailored to meet the changing needs of today’s consumers.
To celebrate its public launch, KAF Digital Bank is rolling out a series of exciting reward campaigns for both new and existing customers. These include “Daftar & Menang”, “Imbas & Kumpul”, and the “CelikWang” initiative, in collaboration with POD. These campaigns are designed to encourage engagement and financial literacy, offering rewards for participating in educational activities and making transactions through the bank’s loyalty programme. Prizes up for grabs include brand-new vehicles, travel packages, and shopping vouchers.
Supported by KAF Investment Bank and a robust consortium of Malaysian industry leaders—Carsome, MoneyMatch, Jirnexu, and StoreHub—KAF Digital Bank is poised to lead the way in digital trust, Islamic fintech innovation, and customer empowerment in Malaysia.
Starting 8 August 2025, Malaysians can download the KAF Digital Bank app from the Apple App Store or Google Play Store to open an account and begin their digital banking journey.
