Fasset, the global banking and investment platform, has appointed seasoned banker Rafiza Ghazali as managing director in charge of consumer banking, bringing on board one of Southeast Asia’s few executives who has taken a licensed digital bank from inception to full public launch.
Marking her departure from KAF Digital Bank as CEO, effective as of February 1, 2026. Rafiza brings over two decades of experience across central banking, capital markets, Islamic finance, and digital banking.
She has led the end-to-end establishment and public launch of KAF Digital Bank, Malaysia’s second Islamic digital bank, from initial setup through full operationalization, placing her among a small group of leaders in Southeast Asia with firsthand experience overseeing a digital bank across its full lifecycle.
“Fasset’s mission to expand financial access and build inclusive digital infrastructure regardless of geography or background strongly resonates with me, and I look forward to shaping their consumer banking operations and deepening engagement that serves both global aspirations and local needs,” said Rafiza Ghazali while commenting on her appointment.
In her new role, Rafiza will drive Fasset’s global stablecoin-led banking strategy with a focus on retail, private, SME, and trade finance segments.
She will also be responsible for scaling digital banking operations from Malaysia under the Labuan regulatory framework, leveraging Fasset’s multi-jurisdictional banking and compliance infrastructure across the world.
Prior to her role at KAF Digital Bank, Rafiza served as Group CEO of Cradle Fund Sdn Bhd, where she led the transformation of Malaysia’s startup support framework in partnership with government ministries.
Her earlier career spans senior roles across both public and private financial institutions. These include executive positions at RHB Investment Bank, Bank Negara Malaysia, Thomson Reuters, and Cagamas.
Together, these experiences align closely with Fasset’s objective to scale consumer banking operations that meet the expectations of regulators, institutional partners, and global markets.
“Rafiza brings firsthand end-to-end experience in building and running a regulated digital bank. Her knowledge of the Islamic finance world also enables us to build on our foundations to become a multi-jurisdictional Shariah-compliant digital bank,” stated CEO and co-founder of Fasset, Mohammad Raafi Hossain.
“We’re excited to welcome her to our leadership team as we shift from licensing to execution in our mission to scale a trusted, Shariah-aligned banking infrastructure,” he concluded.
