AEON Bank Biz Supercharges Business Growth With Term Financing-i And Working Capital Financing-i
KUALA LUMPUR, July 9 (Bernama) -- AEON Bank (M) Bhd, Malaysia's first digital Islamic bank, has introduced Term Financing-i and Working Capital Financing-i, anchored by its business banking vertical, AEON Bank Biz, as it expands its business banking financing facilities.
Designed to provide timely and flexible capital, the two business financing facilities were developed to help Shariah-compliant businesses navigate shifting market demands, it said.
Both products are aligned with the Shariah financing principle of Murabahah via the Tawarruq concept, delivering transparent, ethical banking solutions to the Malaysian market.
The Term Financing-i was developed and offered to businesses in Malaysia to finance medium to long-term growth projects, asset purchases, and infrastructure expansion while maintaining a healthy cash flow.
According to AEON Bank Biz, the Term Financing-i provides the flexibility of zero collateral requirement and does not impose hidden charges on financing applications or fund utilisation.
It offers a flexible repayment tenure of up to 60 months, with approved financing proceeds disbursed directly into customers' AEON Bank Biz Business Current Account-i.
Meanwhile, the Working Capital Financing-i aims to empower businesses with liquidity agility through a flexible credit line for short-term cash flow needs. The objective is to bridge operational budget gaps and manage financial cycles.
With AEON Bank Biz’s Working Capital Financing-i, customers can access high-value liquidity and multiple disbursement options within the approved financing facility limit for a tenure of up to three years, along with the flexibility to pay the principal and refresh their approved financing limit without having to resubmit applications.
The approved funds for Working Capital Financing-i are disbursed directly into customers' AEON Bank Biz Business Current Account-i, with a disbursement period of up to 12 months.
Beyond credit line disbursement, AEON Bank Biz serves as a holistic 360-degree, Shariah-compliant banking partner for business owners across Malaysia, enabling businesses to manage assets, liabilities, operational financial needs, and merchant operations through a simplified banking process.
Its Business Current Account-i serves as the core of the AEON Bank Biz ecosystem, supporting businesses to thrive with integrated cash management capabilities for payments and collections, including seamless processing through DuitNow and RENTAS, as well as instant settlement and notifications for DuitNow QR transactions.
It also enables businesses to optimise idle capital yield via Biz Term Deposit-i, which offers profit rates of up to 3.20 per cent per annum on customisable tenures as short as one day, with an entry baseline of RM500.
In addition, the account incorporates governance controls such as multi-user access authorisations and structured approval workflows engineered to mirror corporate governance standards safely.
AEON Bank said the launch of its latest business banking solutions supports Malaysia's goal of raising small and medium enterprises' (SMEs) contribution to the country's gross domestic product (GDP) to 50 per cent by 2030.
-- BERNAMA