Press Release - Atlas x SEDANIA As-Salam Capital

SEDANIA As Salam Capital Advances Islamic Digital Banking Infrastructure

As-Sidq platform powers Shariah-compliant transactions at the core of ATLAS by Bank Muamalat

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KUALA LUMPUR, 3 June 2026 — SEDANIA As Salam Capital (“SASC”), a wholly owned subsidiary of SEDANIA Innovator Berhad, continues to strengthen its position as a key enabler of Shariah-compliant digital banking infrastructure with the deployment of its As-Sidq digital commodity trading platform within ATLAS by Bank Muamalat Malaysia Berhad.

The implementation extends As-Sidq's reach across a growing network of financial institutions and digital platform players that have adopted it as their Shariah compliant transactional backbone.

As Islamic financial institutions accelerate their digital transformation, demand is growing for Shariah-compliant infrastructure that is purpose-built for digital banking, where Shariah governance and operational integrity are inseparable from the digital experience itself—not layered on top of it.

As-Sidq was built for exactly that shift. The platform enables Tawarruq-based deposit and financing transactions to be executed through digital commodities, allowing institutions to operate at scale without reliance on legacy systems.

“Digital Islamic banking must be uniquely designed from the ground up, with Shariah principles embedded directly into the infrastructure powering the experience," said Khairul Nisa Ismail, Chief Executive Officer of SASC. “As financial institutions scale their digital ambitions, As-Sidq enables them to support Shariah compliant transactions with greater confidence, operational efficiency and governance assurance.”

“Selecting infrastructure partners for a regulated Islamic banking environment is not a decision taken lightly,” said Hazrizal Hassan, Director of Digital Banking at Bank Muamalat Malaysia Berhad. “Every touchpoint carries a compliance obligation, and the transactional layer is where the integrity of the entire proposition rests. As-Sidq gave us the governance assurance we needed at that layer — and the operational confidence to scale on top of it. As ATLAS was built as a fully digital Islamic banking platform, integration with As-Sidq also supports the responsiveness and operational continuity expected in our digital banking environment.”

SASC recently introduced As-Sidq 2.0, unveiled at the Malaysia Islamic Finance and Investment Forum (MAIFF) 2026. The upgraded platform delivers enhanced transaction processing capabilities and a more intuitive operational experience reducing friction for institutions managing Shariah-compliant transactions at scale An independent audit affirms the platform's governance standards and operational robustness, giving financial institutions the assurance they need when selecting infrastructure partners for regulated environments.

As Islamic financial institutions accelerate their shift toward digital banking, the infrastructure decisions they make today will shape the integrity of their offerings tomorrow. Digital commodity trading platforms like As-Sidq are underpinning Islamic digital banking built on foundations that are inherently Shariah-compliant, rather than conventional processes adapted for digital channels. As more financial institutions and non-traditional players enter the space, SASC expects demand for purpose-built Islamic digital banking infrastructure to continue growing across the region.

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About SEDANIA As Salam Capital Sdn Bhd (“SASC”)

SASC is an Islamic fintech company specialising in ethical and Shariah-compliant digital financing solutions. Through its technology platforms and governance frameworks, SASC enables digital platforms and financial institutions to deliver transparent, responsible, and inclusive financing products aligned with Islamic principles.

About SEDANIA Innovator Berhad (“SIB”)

SIB is an investment holding company focused on sustainability-enabling businesses. Since its listing on the ACE Market of Bursa Malaysia, the Group has evolved into a purpose-led consumer wellness and sustainability ecosystem spanning sustainable consumer products, wellness, manufacturing, and technology-enabled financial solutions.

The Group’s core businesses include Offspring, Tanamera, FA Herbs, and SEDANIA As Salam Capital. Offspring supports safer beginnings for families through conscious baby care and modern family wellness solutions, while Tanamera brings restorative wellness rooted in Asian traditions to consumers across regional and global markets.

SEDANIA As Salam Capital continues advancing financial inclusion through digital financing and Shariah - compliant solutions, including As Sidq and the GoHalal Financing Programme, designed to improve accessibility and economic participation for underserved communities.

Together, these businesses reflect SEDANIA’s mission of Improving Lives Sustainably.

Log onto www.sedaniagroup.com to find out more about our sustainable innovations and offerings.

About Bank Muamalat Malaysia Berhad (Bank Muamalat):

Bank Muamalat is a leading Islamic bank committed to providing “Better lives, together” though innovative financial solutions aligned with Shariah principles. With a dedication to create positive change in the financial industry and strong focus on customer satisfaction, Bank Muamalat offers a wide range of products and services tailored to individuals, businesses, and institutions.

About ATLAS by Bank Muamalat

ATLAS is the digital banking platform by Bank Muamalat Malaysia Berhad, designed to deliver a seamless, Shariah-compliant financial experience integrated with lifestyle and rewards.

For any media inquiries related to Bank Muamalat, please contact:

Mohd Nazrul Hafizi | mohd.nazrul.hafizi@muamalat.com.my | +6017 921 1384

Hawa Ali | siti.norhawa@muamalat.com.my | +6019 239 2077