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KAF Digital Bank, Malaysia's second shariah-compliant digital bank, will officially launch operations on August 8, 2025, following approval from Bank Negara Malaysia. Formed by a consortium led by KAF Investment Bank and including fintech partners like Carsome and StoreHub, the bank completed its pilot phase, incorporating user feedback to refine its offerings. The bank's mobile app, available since April, will provide services including shariah-compliant savings accounts, virtual debit cards, and various payment options.
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