Latest news with #KhairulKamarudin
The Sun
5 days ago
- Business
- The Sun
Introducing ATLAS: Malaysia's pioneering Shariah-compliant digital bank by Bank Muamalat
BANK Muamalat Malaysia Berhad (Bank Muamalat) today officially launched ATLAS by Bank Muamalat, Malaysia's first Islamic digital-only bank designed around faith and lifestyle alignment. Purpose-built to offer a seamless, Shariah-compliant banking experience, ATLAS combines innovative financial technology with lifestyle features tailored for the faith-conscious and tech-savvy generation. The launch marks a transformative milestone in Bank Muamalat's journey to redefine Islamic banking and positions the Bank as a pioneer in Malaysia's rapidly growing digital banking landscape. It is a key component of the Bank's five-year RISE26+ Strategy, which aims to revolutionize the financial ecosystem through innovation, operational resilience, and Shariah leadership. Designed from the ground up to meet evolving consumer expectations, ATLAS blends digital convenience with spiritual enrichment, creating a holistic financial ecosystem for the modern Muslim. A distinctively Islamic, faith-centric experience ATLAS stands apart from mainstream digital banking offerings by delivering a uniquely Islamic, faith-centered experience. The platform integrates features such as real-time Prayer Times, Daily Doa, Islamic Calendar, Zikir Counter, Kiblat Finder, as well as dedicated services for Zakat and Qurban — all thoughtfully crafted to support customers in living a values-driven and faith-aligned lifestyle. 'ATLAS was built for people — to deliver not just financial solutions, but meaningful digital experiences that align with our customers' values and daily needs. It represents the next evolution of Islamic banking: intuitive, inclusive, and deeply personal,' said Khairul Kamarudin, President and CEO of Bank Muamalat. Khairul also highlighted ATLAS's role in expanding financial inclusion by reaching underserved and unbanked communities, particularly younger Malaysians, thereby contributing to sustainable national growth. Powered by leading global technology partners Developed in partnership with global technology leaders including Mambu, Google Cloud, Backbase, HyperQB, and Kestrl, ATLAS delivers a secure, scalable, and user-centric digital banking experience. These collaborations ensure the platform adheres to world-class standards for performance, data privacy, and customer engagement. Fast onboarding and exclusive launch offers ATLAS employs a digital-first approach, enabling users to activate accounts and start transacting within minutes through instant onboarding. Soon, the platform will introduce the virtual ATLAS x Mastercard Debit Card-i, granting immediate access to secure, Shariah-compliant digital payments. To encourage early adoption, ATLAS is offering an exclusive 5% profit rate for the first three months to early users — a limited-time, high-yield Shariah-compliant savings incentive (terms and conditions apply). Innovative savings and financial planning features The platform features profit-generating savings accounts with daily earnings. Upcoming enhancements will include flexible Savings Pouch tools and personalized financial planning features designed to promote purposeful money management in alignment with spiritual values. Availability ATLAS is now available for download on the Apple App Store, with the Google Play Store version coming soon. Join the journey to better More than just a banking app, ATLAS is your digital companion for financial and spiritual growth. With innovation at its core and values at its heart, ATLAS sets a new benchmark in Islamic digital banking.
The Sun
5 days ago
- Business
- The Sun
Bank Muamalat launches Islamic digital bank ATLAS
BANK Muamalat Malaysia Berhad (Bank Muamalat) today officially launched ATLAS by Bank Muamalat, Malaysia's first Islamic digital-only bank designed around faith and lifestyle alignment. Purpose-built to offer a seamless, Shariah-compliant banking experience, ATLAS combines innovative financial technology with lifestyle features tailored for the faith-conscious and tech-savvy generation. The launch marks a transformative milestone in Bank Muamalat's journey to redefine Islamic banking and positions the Bank as a pioneer in Malaysia's rapidly growing digital banking landscape. It is a key component of the Bank's five-year RISE26+ Strategy, which aims to revolutionize the financial ecosystem through innovation, operational resilience, and Shariah leadership. Designed from the ground up to meet evolving consumer expectations, ATLAS blends digital convenience with spiritual enrichment, creating a holistic financial ecosystem for the modern Muslim. A distinctively Islamic, faith-centric experience ATLAS stands apart from mainstream digital banking offerings by delivering a uniquely Islamic, faith-centered experience. The platform integrates features such as real-time Prayer Times, Daily Doa, Islamic Calendar, Zikir Counter, Kiblat Finder, as well as dedicated services for Zakat and Qurban — all thoughtfully crafted to support customers in living a values-driven and faith-aligned lifestyle. 'ATLAS was built for people — to deliver not just financial solutions, but meaningful digital experiences that align with our customers' values and daily needs. It represents the next evolution of Islamic banking: intuitive, inclusive, and deeply personal,' said Khairul Kamarudin, President and CEO of Bank Muamalat. Khairul also highlighted ATLAS's role in expanding financial inclusion by reaching underserved and unbanked communities, particularly younger Malaysians, thereby contributing to sustainable national growth. Powered by leading global technology partners Developed in partnership with global technology leaders including Mambu, Google Cloud, Backbase, HyperQB, and Kestrl, ATLAS delivers a secure, scalable, and user-centric digital banking experience. These collaborations ensure the platform adheres to world-class standards for performance, data privacy, and customer engagement. Fast onboarding and exclusive launch offers ATLAS employs a digital-first approach, enabling users to activate accounts and start transacting within minutes through instant onboarding. Soon, the platform will introduce the virtual ATLAS x Mastercard Debit Card-i, granting immediate access to secure, Shariah-compliant digital payments. To encourage early adoption, ATLAS is offering an exclusive 5% profit rate for the first three months to early users — a limited-time, high-yield Shariah-compliant savings incentive (terms and conditions apply). Innovative savings and financial planning features The platform features profit-generating savings accounts with daily earnings. Upcoming enhancements will include flexible Savings Pouch tools and personalized financial planning features designed to promote purposeful money management in alignment with spiritual values. Availability ATLAS is now available for download on the Apple App Store, with the Google Play Store version coming soon. Join the journey to better More than just a banking app, ATLAS is your digital companion for financial and spiritual growth. With innovation at its core and values at its heart, ATLAS sets a new benchmark in Islamic digital banking. For more information, please visit
New Straits Times
5 days ago
- Business
- New Straits Times
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.
The Sun
5 days ago
- Business
- The Sun
Bank Muamalat launches ATLAS, Malaysia's first faith & lifestyle-aligned Islamic digital-only bank
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 5 June 2025 - Backbase, the global leader in AI-powered banking technology, announces that Bank Muamalat has officially launched ATLAS by Bank Muamalat (ATLAS), Malaysia's first Islamic digital-only bank centered on faith and lifestyle alignment. This milestone represents a transformative leap in Bank Muamalat's journey to redefine Islamic banking, positioning it as a pioneer in Malaysia's rapidly expanding digital banking landscape. By harnessing Backbase's AI-powered Banking Platform, ATLAS delivers a faith-aligned digital experience with seamless onboarding, DuitNow integration, Shariah-compliant financing, and personalized servicing — setting a new benchmark for Islamic financial services in the region. 'ATLAS is more than a digital bank. It is a bold reimagination of Islamic finance for the modern era, built around the values, lifestyles, and aspirations of our customers,' said Khairul Kamarudin, President & Chief Executive Officer of Bank Muamalat. 'It reflects our commitment to leading the next era of Islamic banking that is digital, inclusive, and purpose-driven. Our collaboration with Backbase has played a key role in enabling us to deliver an experience that is seamless, secure, and rooted in faith — one that redefines how banking is lived in today's digital world.' A faith-driven approach to digital transformation ATLAS is designed to meet the growing demand for digital financial solutions that align with customers' faith and lifestyles. Since its pilot phase, the platform has already demonstrated strong early results — enabling faster rollout of new products and improving customer acquisition efficiency through a more streamlined onboarding experience. In the coming months, ATLAS will expand its product offerings to include digital debit and credit cards, flexible personal financing, and a Shariah-compliant gold investment account. These new products will be seamlessly integrated into the existing platform and will further strengthen ATLAS's position in the Islamic digital banking landscape. To enhance customer loyalty, ATLAS introduces a unique rewards program that connects users to exclusive lifestyle offers through curated partners, including well-known brands and services across diverse industries. A partnership for banking growth in Asia Prior to launching ATLAS, Bank Muamalat faced the common industry challenge of fragmented legacy infrastructure. The Backbase AI-powered Banking Platform provided a unified and modular foundation, enabling Bank Muamalat to accelerate its digital roadmap with agility and control. 'We're proud to support Bank Muamalat's bold vision with our AI-powered Banking Platform,' said Riddhi Dutta, Regional Vice President for Asia at Backbase. 'ATLAS is a shining example of how composable banking architecture can deliver tailored, lifestyle-aligned experiences while scaling innovation rapidly across markets. It also reinforces our growing presence in the Islamic banking sector, and exemplifies how Backbase serves as a strategic growth platform for banks seeking to modernize and expand their digital footprint.' Backbase supports over 150 banks worldwide, including Islamic institutions like Libyan Islamic Bank, ila Bank, Bank Al Bilad, and Saudi National Bank — as well as Asia-Pacific leaders such as BDO Unibank (Philippines), HDFC Bank (India), Techcombank (Vietnam) and MyState Bank (Australia).
Yahoo
6 days ago
- Business
- Yahoo
Bank Muamalat Launches Atlas, Malaysia's First Faith & Lifestyle-Aligned Islamic Digital-Only Bank
Pioneering Sharia-compliant faith-aligned digital banking transformation in Malaysia enabled by Backbase's AI-powered Banking platform KUALA LUMPUR, MALAYSIA / / June 5, 2025 / Backbase, the global leader in AI-powered banking technology, announces that Bank Muamalat has officially launched ATLAS by Bank Muamalat (ATLAS), Malaysia's first Islamic digital-only bank centered on faith and lifestyle alignment. This milestone represents a transformative leap in Bank Muamalat's journey to redefine Islamic banking, positioning it as a pioneer in Malaysia's rapidly expanding digital banking landscape. By harnessing Backbase's AI-powered Banking Platform, ATLAS delivers a faith-aligned digital experience with seamless onboarding, DuitNow integration, Shariah-compliant financing, and personalized servicing - setting a new benchmark for Islamic financial services in the region. "ATLAS is more than a digital bank. It is a bold reimagination of Islamic finance for the modern era, built around the values, lifestyles, and aspirations of our customers," said Khairul Kamarudin, President & Chief Executive Officer of Bank Muamalat. "It reflects our commitment to leading the next era of Islamic banking that is digital, inclusive, and purpose-driven. Our collaboration with Backbase has played a key role in enabling us to deliver an experience that is seamless, secure, and rooted in faith - one that redefines how banking is lived in today's digital world." A faith-driven approach to digital transformationATLAS is designed to meet the growing demand for digital financial solutions that align with customers' faith and lifestyles. Since its pilot phase, the platform has already demonstrated strong early results - enabling faster rollout of new products and improving customer acquisition efficiency through a more streamlined onboarding experience. In the coming months, ATLAS will expand its product offerings to include digital debit and credit cards, flexible personal financing, and a Shariah-compliant gold investment account. These new products will be seamlessly integrated into the existing platform and will further strengthen ATLAS's position in the Islamic digital banking landscape. To enhance customer loyalty, ATLAS introduces a unique rewards program that connects users to exclusive lifestyle offers through curated partners, including well-known brands and services across diverse industries. A partnership for banking growth in AsiaPrior to launching ATLAS, Bank Muamalat faced the common industry challenge of fragmented legacy infrastructure. The Backbase AI-powered Banking Platform provided a unified and modular foundation, enabling Bank Muamalat to accelerate its digital roadmap with agility and control. "We're proud to support Bank Muamalat's bold vision with our AI-powered Banking Platform," said Riddhi Dutta, Regional Vice President for Asia at Backbase. "ATLAS is a shining example of how composable banking architecture can deliver tailored, lifestyle-aligned experiences while scaling innovation rapidly across markets. It also reinforces our growing presence in the Islamic banking sector, and exemplifies how Backbase serves as a strategic growth platform for banks seeking to modernize and expand their digital footprint." Backbase supports over 150 banks worldwide, including Islamic institutions like Libyan Islamic Bank, ila Bank, Bank Al Bilad, and Saudi National Bank - as well as Asia-Pacific leaders such as BDO Unibank (Philippines), HDFC Bank (India), Techcombank (Vietnam) and MyState Bank (Australia). About BackbaseBackbase is on a mission to put bankers back in the driver's seat - fully equipped to lead the AI revolution and unlock remarkable growth and efficiency. At the heart of this mission is the world's first AI-powered Banking Platform, unifying all servicing and sales journeys into an integrated suite. With Backbase, banks modernize their operations across every line of business - from Retail and SME to Commercial, Private Banking, and Wealth Management. Recognized as a category leader by Forrester, Gartner, Celent, and IDC, Backbase powers the digital and AI transformations of over 150 financial institutions worldwide. See some of their stories here. Founded in 2003 in Amsterdam, Backbase is a global private fintech company with regional headquarters in Atlanta and Singapore, and offices across London, Sydney, Toronto, Dubai, Kraków, Cardiff, Hyderabad, and Mexico City. Learn more at About Bank MuamalatBank Muamalat is a leading Islamic bank, established on 1 October 1999, and is governed by Islamic Financial Services Act 2013 (IFSA). As a full-fledged Islamic financial institution, the bank offers its customers a broad range of services, meeting the needs of both individuals and institutions. Bank Muamalat provides individuals with services ranging from deposit accounts, asset management, financing needs for automobiles, homes and personal use as well as wealth management products such as family and general takaful, investments, Islamic estate planning to non-financial products such as Islamic funeral management, Quranic learning and halal tours. The Bank offers corporate and institutional customers the full product range of a leading corporate and investment bank, from cash management, payment solutions including trade and export finance to international foreign exchange, financing and capital market transactions. Bank Muamalat has a presence nationwide via a network of 68 branches. In addition, Bank Muamalat also has its electronic channels encompassing i-Muamalat (the Bank's internet banking solution) and our Self Service Terminals (SST) which are available at almost 141 locations through its network of ATMs, CDMs and CICOs. We also provide corporate internet banking at your convenience. Bank Muamalat is a member of the DRB-HICOM Berhad Group which owns 70% of the Bank's shares with the remaining stake held by Khazanah Nasional Berhad. Bank Muamalat was officially accepted as a member of Global Alliance for Banking on Values (GABV) on 15 November 2017. Signaling a growing appetite for the values-based banking movement, Bank Muamalat is the first Islamic bank in the world and the first in the Southeast Asian region to be accepted as a member of GABV. The issuer is solely responsible for the content of this announcement. Hashtags: #Backbase #digitalbanking #AIPoweredBanking #ArtificialIntelligence #retailbanking #omnichannelbanking #businessbanking #smebanking #corporatebanking Media Contact:BackbaseBharadwaj Bank MuamalatMohd Nazrul Hawa SOURCE: Backbase View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
