Dubai | January 2026 — Global digital banking and investment platform Fasset has announced the appointment of Rafiza Ghazali as Managing Director – Consumer Banking, effective February 1, 2026, as the company prepares to expand its regulated banking services for consumers and small businesses.
The move comes as Fasset advances plans to launch the world’s first stablecoin-based Islamic digital bank, following provisional regulatory approval from Malaysia’s Labuan Financial Services Authority.
Ghazali brings more than 20 years of leadership experience across central banking, capital markets, Islamic finance, and digital banking. She previously led the complete establishment and public launch of KAF Digital Bank, Malaysia’s second Islamic digital bank, from inception through full-scale operations — making her one of the region’s few executives with end-to-end digital bank buildout experience.
In her new role, Ghazali will oversee Fasset’s global consumer and SME banking strategy, with responsibility for retail banking, private banking, trade finance, and small business services. She will also guide the scaling of Fasset’s banking operations from Malaysia while supporting its multi-jurisdictional regulatory and compliance framework.
Before joining Fasset, Ghazali served as Group CEO of Cradle Fund, where she helped modernize Malaysia’s startup support ecosystem in collaboration with government stakeholders. Her career also includes senior leadership roles at RHB Investment Bank, Bank Negara Malaysia, Cagamas, and Thomson Reuters.
Fasset has emerged as one of the fastest-growing Islamic digital finance platforms globally, recording over 1 million app downloads in 2025, $12 billion in annualized transaction volume, and serving more than 1,000 enterprise clients.
With Ghazali’s appointment, Fasset aims to strengthen its consumer banking foundation and accelerate the deployment of Shariah-compliant digital financial services across international markets.