Muamalat
“Can Bank Muamalat modernise its full-fledged Islamic bank on cloud-native infrastructure (Mambu + Backbase) to compete for Malaysia's faith-conscious digital banking customer against both conventional neobanks and traditional Islamic peers?”
Founded in 1999 as a traditional full-fledged Islamic bank in Malaysia, Bank Muamalat has progressively invested in digital transformation. The most significant strategic move was the launch of ATLAS, a Shariah-compliant digital banking app built on Mambu's cloud-native core banking platform, signalling a shift from branch-centric to digital-first delivery. The bank subsequently integrated Backbase for AI-driven engagement, reflecting an accelerating push to modernise its Islamic banking stack without abandoning its faith-based product mandate.