Fasset, a global banking and investment platform, has announced the appointment of Rafiza Ghazali as Managing Director, Consumer Banking, effective 1 February 2026. Ghazali, a seasoned banker with over two decades of experience, will lead Fasset’s strategy to become a full-service, Shariah-aligned digital bank, following its recent approval to launch the world’s first stablecoin-based Islamic digital bank in Malaysia.
Ghazali’s extensive background includes leading the establishment and public launch of KAF Digital Bank, Malaysia’s second Islamic digital bank. Her expertise spans central banking, capital markets, Islamic finance, and digital banking. At Fasset, she will focus on expanding the company’s stablecoin-led banking strategy across retail, private SME, and trade finance segments, leveraging the Labuan regulatory framework in Malaysia.
“Fasset’s mission to expand financial access and build inclusive digital infrastructure strongly resonates with me,” Ghazali stated. Her role will involve scaling digital banking operations and enhancing Fasset’s multi-jurisdictional banking infrastructure.
Fasset, co-founded by Mohammad Raafi Hossain and Daniel Ahmed, aims to enhance financial inclusion in high-growth markets. The platform has seen significant growth, with 1 million retail app downloads in 2025 and a US$12b annualised volume. Hossain remarked, “Rafiza brings firsthand end-to-end experience in building and running a regulated digital bank.”
Ghazali’s appointment marks a significant step in Fasset’s journey to scale its consumer banking operations globally, aligning with regulatory expectations and institutional-grade governance.
