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Logo of Bank Muamalat
Logo of Bank Muamalat

Bank Muamalat captures the market with Malaysia's first Islamic digital banking app

29 January 2026
29 January 2026
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Bank Muamalat Malaysia set out to become the strongest Islamic bank in the country, not by size, but by performance, efficiency, and customer experience. In 2025, the bank publicly launched ATLAS, its greenfield digital Islamic banking app that combines Islamic banking with lifestyle features, rapid onboarding, and seamless money movement. In just three months post-launch, the results speak volumes: 58% of new users are new-to-bank, onboarding time averages just two minutes, and 96% of deposits come from fresh funds.

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Retail customer viewing the logging in screen of an islamic banking application

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Backbase

Turn Islamic banking principles into competitive advantage.

Backbase

See how a new Islamic banking app combined faith, lifestyle, and finance to capture new-to-bank customers in a saturated market.

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