Bank Muamalat Launches Malaysia’s First Faith-Aligned Islamic Digital-Only Bank
Bank Muamalat has launched ATLAS, Malaysia’s first Islamic digital-only bank, in partnership with Backbase. Built on an AI-powered banking platform, ATLAS delivers a fully Shariah-compliant and lifestyle-aligned digital banking experience, offering seamless onboarding, DuitNow integration, and personalized services.
The initiative marks a major milestone in Islamic digital finance, catering to modern customers' values and needs. Upcoming features include digital debit and credit cards, flexible personal financing, and a Shariah-compliant gold investment account. ATLAS also introduces a lifestyle rewards program to boost engagement.
Backbase’s technology enabled Bank Muamalat to overcome legacy infrastructure challenges and accelerate innovation. The launch positions Bank Muamalat as a digital leader in the Islamic finance space, reinforcing its commitment to inclusive, purpose-driven banking.