“Can Bank Islam become the infrastructure layer for Shariah-compliant embedded finance across Southeast Asia and beyond through its BaaS pivot?”
Bank Islam Malaysia Berhad is a fully Shariah-compliant Islamic bank operating in Malaysia under a national banking license. In recent years, the bank has pivoted toward digital and embedded finance, partnering with core banking platform Mambu, credit bureau Experian, and POD to build digital banking infrastructure. In 2025, its holding company BIMB Holdings formed a joint venture with Relydyn Tech to launch FINODYN, positioning Bank Islam as a provider of Islamic Banking-as-a-Service solutions to third-party platforms and fintechs.
Islam discloses Mambu as its banking provider, according to the Embedded Finance Index 2026.
Islam does not disclose a bank charter of its own; its banking services are provided through Mambu.
Islam is headquartered in Kuala Lumpur, Malaysia.
Get a read on where your own stack stands against Islam and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.