AEON Bank has received approval from Bank Negara Malaysia (BNM), the nation’s regulatory body, to become Malaysia’s first Islamic digital bank. AEON Bank, a subsidiary of AEON Credit Service and AEON Financial Service, aims to provide secure and efficient financial services to customers in Malaysia. The bank’s digital banking services will be accessible, inclusive, and Shariah-compliant. AEON Bank intends to provide financing opportunities to individuals and small businesses that have been traditionally underserved by mainstream banking. Additionally, the bank will prioritize financial literacy initiatives to empower clients to make informed financial decisions. AEON Bank plans to expand its operations and enhance its array of solutions for both retail and wholesale members. It will also introduce a new app in the first half of 2024.
AEON Bank revolutionizes Malaysia’s banking with Islamic digitalization.
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