Backbase, the global enabler of 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 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 reimagination of Islamic finance for the modern era, “built around the values, lifestyles, and aspirations of our customers.”
Khairul Kamarudin, President & CEO of Bank Muamalat said:
“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.”
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 “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 “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 “rewards program that connects users to exclusive lifestyle offers through curated partners, including well-known brands and services across diverse industries.”
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.”
Riddhi Dutta, Regional Vice President for Asia at Backbase said:
“We’re proud to support Bank Muamalat’s bold vision with our AI-powered Banking Platform. 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).”
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.”
