Suhaimi Abdul Hamid has been appointed as a Board Member of KAF Digital Bank, according to a recent LinkedIn update.

The appointment comes as the digital bank undergoes leadership changes, with former CEO Rafiza Ghazali succeeded by Suzaini Salleh.

Market talk of a potential stake sale has also surfaced, though no formal announcement has been made.

Suhaimi has more than two decades of experience in Islamic banking.

He currently serves as Chairperson of the Board at Amanie Advisors and is Managing Partner at BerryPay.

He previously led Standard Chartered Saadiq Berhad as CEO for over five years, after serving as COO and Head of Retail, overseeing governance, sales performance and regulatory engagement with Bank Negara Malaysia.

Earlier, he held senior Islamic banking roles at Standard Chartered Bank across Malaysia, Singapore, Kenya and Indonesia, covering product management, P&L and sales strategy.

He also held leadership roles at Maybank Islamic and OCBC Bank Malaysia.

The Islamic digital bank was established in partnership with Carsome, MoneyMatch, Jirnexu and StoreHub.

KAF Investment Bank holds an 84 percent stake, while each partner owns 4 percent.

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