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KUALA LUMPUR – AEON Bank (M) Berhad, Malaysia's first digital Islamic bank, has broadened its business banking offerings with the launch of Term Financing-i and Working Capital Financing-i under its AEON Bank Biz platform.
The two financing facilities are aimed at providing businesses with timely and flexible access to capital, enabling them to navigate changing market conditions while maintaining financial stability.
Both facilities are structured based on the Murabahah via Tawarruq concept, offering businesses Shariah-compliant financing solutions that emphasise transparency and ethical banking practices.
The Term Financing-i facility is designed to support medium- and long-term business growth, including strategic expansion plans, infrastructure development and asset acquisitions, while helping companies maintain healthy cash flow.
The facility does not require collateral and does not impose hidden charges on financing applications or utilisation. Businesses can also enjoy a flexible repayment period of up to 60 months, with approved funds disbursed directly into their AEON Bank Biz Business Current Account-i.
Meanwhile, the Working Capital Financing-i facility is tailored to meet short-term liquidity requirements by providing businesses with a flexible line of credit to bridge operational funding gaps and manage financial cycles more effectively.
The facility offers high-value liquidity and multiple disbursement options within an approved financing limit of up to three years. Businesses are also able to repay the principal and refresh their approved limit without having to submit repeated financing applications.
Customers can access a disbursement period of up to 12 months, with all transactions managed fully online and funds deposited directly into their AEON Bank Biz Business Current Account-i.
Beyond financing solutions, AEON Bank Biz positions itself as a holistic, Syariah-compliant banking partner for businesses across Malaysia by enabling them to manage assets, liabilities, operational financial needs and merchant activities through a simplified digital banking process.
At the centre of the offering is the Business Current Account-i, which comes with integrated cash management capabilities that support payments and collections through DuitNow and Rentas, as well as instant settlement and notifications for DuitNow QR transactions.
Businesses can also optimise idle funds through Biz Term Deposit-i, which offers profit rates of up to 3.20 per cent per annum on flexible tenures starting from as little as one day, with a minimum placement of RM500.
In addition, AEON Bank Biz incorporates governance features such as multi-user access authorisation and structured approval workflows that are designed to mirror corporate governance standards and enhance operational security.
The latest expansion by AEON Bank aligns with Malaysia's goal of increasing the contribution of small and medium enterprises (SMEs) to the country's Gross Domestic Product (GDP) to 50 per cent by 2030.
As access to financing and digital banking solutions continues to be a key driver of business growth, financial institutions and fintech players such as AEON Bank are expected to play an increasingly important role in supporting the development and sustainability of Malaysia's SME ecosystem.
