KAF digital bank operations approved by BNM and MOF!

https://www.sinchew.com.my/news/20250113/finance/6217572

Ready for alpha stage testing soon!

https://fintechnews.my/47600/digital-bankin...f-digital-bank/

KAF official press release: https://www.kaf.com.my/Portals/0/KIB/Announ...%20Approval.pdf

Let's start with 5% p.a. For KAF

Please Open up one new Topic for this latest Digital Bank for our discussion ☺️

KAF Investment Bank Berhad Receives License Approval to Commence Operations for KAF Digital Bank

The Islamic digital bank consortium led by KAF Investment Bank Berhad, together with Carsome, MoneyMatch, Jirnexu and StoreHub, announced that they have received
official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MoF) for its operating entity KAF Digital Berhad to commence operations as a digital bank,
starting 20th of December 2024. This approval is granted following a comprehensive and successful operational readiness review recently validated by BNM.

The operating entity, which is now formally known as KAF Digital Bank, seeks to deliver a robust and resilient banking infrastructure that underpins the trust and
expectations from Malaysians. Together with the consortium partners, entities which are 100% Malaysian and comprise well-known household names, KAF Digital Bank
aims to serve the people while continuously strive to deliver Shariah compliant innovative banking products and services.

KAF Digital Bank will soon move forward into an Alpha Testing Phase with a small select user group prior to progressing into a Beta Phase with a wider user group. Upon
successful completion of the closed-group testing phases, KAF Digital Bank will be made ready for public sign-ups. We aim to continuously improve our product value
propositions and provide our customers with a secure, safe and efficient banking platform, catering to the evolving needs of today’s tech and financially savvy customers.

As nexona88 requested, new thread for KAF digital bank-related discussions and updates. KAF will be the 4th digital bank in Malaysia, after GX Bank (launched Noivember 2023), AEON Bank (May 2024), and BoostBank (June 2024). 

Some updates I received via email from MoneyMatch but somehow related to KAF Digital Bank

https://www.onzbanking.com/english



Feel free to discuss at https://forum.lowyat.net/topic/4961821/+140

IOS can download the app. did not try register as no benefit

5% yield incoming?

https://play.google.com/store/apps/details?...fdigitalbanking

The app released on Play Store. Can't register yet but the UI make me think it will be inconsistent

look like today beta invitation out. Anyone received? any update to share

Interest seems to be credited weekly: https://www.kafdigitalbank.com.my/produk

5% p.a. below 5000 MYR for now.

App is a little buggy. After initial deposit still cannot do transfer, need to quit app then relogin (this time with biometric settings automatically enabled), then you can access everything.

Simple interface for now. Nothing too flowery. Cannot take screenshot of any page within KAF app in Android phone, looks secure...

All in for 5% p.a. weekly interests.

Interest seems to be credited weekly: https://www.kafdigitalbank.com.my/produk

5% p.a. below 5000 MYR for now.

App is a little buggy. After initial deposit still cannot do transfer, need to quit app then relogin (this time with biometric settings automatically enabled), then you can access everything.

Simple interface for now. Nothing too flowery. Cannot take screenshot of any page within KAF app in Android phone, looks secure...

All in for 5% p.a. weekly interests.

The site shows savings i-hibah 5% first 2k. Everything after is 3%. Meaning good to just part 2k to farm.