Bank Muamalat launches Malaysia's first Islamic digital-only bank
KUALA LUMPUR: Bank Muamalat Malaysia Bhd has launched the country's first Islamic digital-only bank designed around faith and lifestyle alignment.
The bank said, ATLAS, offers a seamless, Shariah-compliant banking experience that blends financial technology with spiritual values.
Pesident and chief executive officer Khairul Kamarudin said the move represents the next evolution of Islamic banking to be more "intuitive, inclusive, and deeply personal."
"ATLAS was built for people, to deliver not just financial solutions, but meaningful digital experiences that align with our customers' values and daily needs," he said in a statement.
ATLAS is designed to cater to the faith-conscious and tech-savvy generation, offering features such as real-time prayer times, Islamic calendar, daily dua, zikir counter, qiblat finder, and dedicated services for tithes and qurban.
These services are aimed at promoting a values-driven lifestyle for Muslim users.
ATLAS is part of the bank's RISE26+ strategy, focused on innovation, operational resilience, and Shariah leadership.
"The platform plays a crucial role in expanding access to unbanked segments, especially among younger demographics," Khairul added.
Bank Muamalat said ATLAS boasts global technology partners including Mambu, Google Cloud, Backbase, HyperQB, and Kestrl, to ensure the platform meets top-tier standards in performance, privacy, and user experience.
ATLAS is now available on the Apple App Store. It will also be available on Google Play Store soon.
Moving forward, Bank Muamalat plans to the launch of a virtual ATLAS-Mastercard debit card, providing Shariah-compliant digital payments.
As part of its launch campaign, ATLAS will offer an exclusive five per cent profit rate for early adopters during the first three months, a limited-time incentive for users who open savings accounts early.
The app also includes profit-generating savings solutions like daily earnings accounts and upcoming tools such as the savings pouch, will allow greater financial control and planning aligned with Islamic values.
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