KAF Digital Bank announced Thursday it has received regulatory approval from Bank Negara Malaysia (BNM) to officially onboard members of the public as customers, following the successful completion of its rigorous PERINTIS Phase.

The banking services will be made available to the public effective 8th August 2025, KAF Digital Bank said in a statement on Thursday.

This significant milestone paves the way for KAF Digital Bank to offer its innovative and Shariah-compliant digital banking solutions to a wider audience in Malaysia.

During the extensive PERINTIS Phase, KAF Digital Bank rigorously tested its systems, security protocols, and user experience with a select group of participants.

The feedback gathered was instrumental in refining the bank’s offerings and ensuring a seamless and secure banking journey for all future customers.

“We are thrilled to receive the green light from the regulators to open our doors to the public,

“The successful completion of our PERINTIS Phase is a testament to the hard work and dedication of our team, and it underscores our commitment to delivering a truly innovative and seamless digital banking experience,” said Rafiza Ghazali, Chief Executive Officer of KAF Digital
Bank.

According to the statement, KAF Digital Bank aims to redefine the banking landscape in Malaysia by leveraging cutting-edge technology to provide a comprehensive suite of
financial products and services, including Shariah-compliant savings accounts, virtual debit cards, and payment services.

The bank said it is committed to financial inclusion, offering intuitive and user-friendly digital platforms designed to meet the evolving needs of modern consumers.

KAF Digital Bank is a licensed Islamic Bank providing digital banking solutions.

The digital bank is backed by KAF Investment Bank and a strong consortium of Malaysian industry leaders, including Carsome, MoneyMatch, Jirnexu, and StoreHub.

KAF-Carsome consortium’s KAF Digital Bank receives license approval to commence operations