KAF Names Cradle Fund’s Rafiza Ghazali as CEO of Its Islamic Digital Bank

KAF Names Cradle Fund’s Rafiza Ghazali as CEO of Its Islamic Digital Bank

by May 24, 2022

KAF Investment Bank announced that it has appointed Rafiza Ghazali as the CEO of its Islamic digital bank.

The KAF-led Islamic digital banking consortium comprising MoneyMatch, Carsome and Jirnexu had won one of the five digital bank licenses from Bank Negara Malaysia last month.

Rafiza will initially be joining KAF Investment Bank as part of the digital bank project team pending the incorporation process of the digital bank entity.

Her experience spans significantly across the financial industry from Danaharta to RHB Investment Bank, where she oversaw information technology, investment operations, corporate planning, finance, and treasury settlement.

She also served with Bank Negara Malaysia, Thomson Reuters and Cagamas before her present role as Group Chief Executive Officer of Cradle Fund, where she was instrumental in leading its transformation into a startup ecosystem builder and the agency responsible for managing the development of the Malaysian Startup Ecosystem Roadmap.

Thariq Ahmad, Deputy Chief Executive Officer of KAF Investment Bank shared,

“We are pleased to have Rafiza to head our digital banking leadership team given her wealth of experience in both the private and public sectors.


Her extensive foundation in banking as well as her involvement in innovation, particularly with the Malaysian fintech community, will be a huge asset in the building of KAF’s digital banking partnership platform.”