Rafiza Ghazali has stepped down from her role as Chief Executive Officer of KAF Digital Bank.

She will officially conclude her employment with the Islamic digital bank on 31 January 2026.

During this transition, Suzaini Mokhtar has been appointed as the Acting CEO.

Rafiza has led KAF Digital Bank since June 2022 and played a key role in steering the lender through its regulatory approval and market entry phases.

The bank opened to the Malaysian public in August last year after receiving approval from Bank Negara Malaysia to begin onboarding customers following the completion of its PERINTIS phase.

The digital bank is backed by KAF Investment Bank and operates as a Shariah-compliant lender, offering services such as savings accounts, virtual debit cards and payment features through its mobile app.

Prior to joining KAF Digital Bank, Rafiza served as Group Chief Executive Officer of Cradle Fund from 2020 to 2022.

She has also held senior positions at Velesto Energy, Sime Darby, Cagamas Berhad, Thomson Reuters, Bank Negara Malaysia and RHB Investment Bank over a career spanning more than two decades.

The bank has not disclosed whether a permanent successor has been appointed.

We recently sat down with Rafiza Ghazali on Fintech Fireside Asia to discuss Malaysia’s role in shaping the future of Islamic digital banking across ASEAN here. 

Featured image: Edited by Fintech News Malaysia, based on image by muravev via Freepik