AEON Credit Gets Nod For Islamic Digital Banking Services

AEON Credit Service (M) Berhad announced that its associated company – AEON Bank (M) Berhad (formerly known as ACS Digital Berhad) has obtained approval from the Bank Negara Malaysia and the Minister of Finance to commence its digital banking operations in Malaysia.

This positions AEON Bank as the first Islamic digital bank in Malaysia. The approval was granted pursuant to BNM’s validation of the Bank’s operational readiness. AEON Bank is also a subsidiary of AEON Financial Service Co., Ltd. “Our core mission is to advance the promotion of financial inclusion and Islamic banking. As part of one of Malaysia’s most recognised retail household brands, we aim to provide accessible, inclusive, and Shariah-compliant digital banking solutions to our AEON Group of customers as well as to all Malaysians. It is our intent to empower our communities with access to digital
financial services which are simplified, safe and secure,” said Raja Teh Maimunah, Chief Executive Officer of AEON Bank.

The group said it plans for a phased rollout of its new App, beginning with an exclusive beta testing phase with the AEON Group of employees. By initially offering access to a select group of beta testers, we aim to collaboratively finetune the App to ensure it meets the expectations of our wider user base upon full release,” explains Raja Teh Maimunah.

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