EFFECTIVE DATE: 3 AUGUST 2026
KUALA LUMPUR, 3 August 2026 – Waafi Bank is pleased to welcome Azidy Daud as Chairman, effective 3 August 2026. He follows Dr Ashraf Iqbal, who served as Chairman until February 2026.
Azidy brings more than 35 years of experience across Islamic and conventional banking, with extensive expertise in strategic leadership, financial governance, treasury, balance sheet management, liquidity, capital planning and risk management.
He has held senior leadership roles across major financial institutions in Malaysia and Singapore. At Asian Finance Bank Berhad, a full-fledged Islamic bank that later became MBSB Bank Berhad, he served as Treasurer and subsequently Acting Chief Executive Officer. He later held several senior positions at MBSB Bank, including Head of Global Markets, Head of Business Division and Head of Balance Sheet Management, contributing to key management, asset-liability, credit, investment and capital management committees.
Earlier in his career, Azidy established and led the Islamic treasury function at RHB Islamic Bank, where assets grew from less than RM1 billion to more than RM4 billion within 18 months. He also spent more than 15 years with Bank Bumiputra, Bumiputra-Commerce Bank and CIMB, including leading treasury operations in Singapore and managing trading portfolios exceeding RM3 billion.
His experience also extends to board, advisory and committee roles in investment, governance and financial oversight, including positions with Koperasi Permodalan FELDA, WAQAF FELDA and the Asian Institute of Chartered Bankers. He has worked extensively with regulators, financial authorities and industry stakeholders throughout his career.
Azidy holds an MBA in Finance and a BBA in Finance from Western Michigan University, USA. He is an Associate Fellow of the Asian Institute of Chartered Bankers and an alumnus of the ASEAN Senior Management Development Program under the Harvard Business School Alumni Club of Malaysia.
His depth of experience in Islamic banking, institutional governance and international financial markets closely reflects Waafi Bank’s commitment to responsible, Shariah-compliant banking built on sound governance and long-term trust.
We congratulate Azidy on his appointment and look forward to the next chapter of Waafi Bank under his chairmanship as the Bank continues to strengthen its international presence and digital Islamic banking capabilities.
We also extend our appreciation to Dr Ashraf Iqbal for his leadership and contribution to Waafi Bank during his tenure as Chairman.
