logo
AEON Bank One-derful Anniversary

AEON Bank One-derful Anniversary

The Sun7 days ago

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 28 May 2025 - AEON Bank, Malaysia's pioneer Islamic digital bank, commemorates its first anniversary on 26 May. In conjunction with this milestone, the bank extends its appreciation to its valued customers throughout Malaysia.
Within a single year of operation, AEON Bank has garnered recognition as a preferred daily digital banking solution among Malaysians, who consistently utilize its intuitive mobile application and Debit Card-i for digital payments and online transactions.
'In this digital landscape, consumers increasingly seek banking products and services characterised by accessibility, security and seamless integration with their lifestyles. Since our official commencement of operations one year ago, the AEON Bank team has been diligently working to simplify banking for a broad spectrum of Malaysians. In our commitment to evolve in tandem with the needs of Malaysians, we have continuously refined our offerings to better serve their banking requirements. It is our conviction that digital banking should be inherently user-friendly and inclusive, ensuring that all individuals can participate in the robust digital economy without experiencing alienation. This one-year milestone holds profound significance for our institution, serving as a testament to the trust that our clientele has placed in AEON Bank. I extend my sincere gratitude to our current customers and a warm welcome to those who are newly joining us,' said YM Raja Datin Paduka Teh Maimunah Raja Abdul Aziz, CEO of AEON Bank.
Accelerating Malaysia's Digital Economy
AEON Bank's digital banking headway also reflects its contribution towards the development of the national digital economy. By offering an inclusive, Shariah compliant digital banking services, AEON Bank is also playing an active role in spurring the development of Malaysia's fintech industry. On top of that, it is committed to foster a more inclusive financial future for all, including the unbanked and the underserved.
Join the Celebration with AEON Bank One-derful Anniversary Show
For this one-derful anniversary, AEON Bank is inviting everyone to celebrate together by tuning in to the ' AEON Bank One-derful Anniversary Show' via AEON Bank's official YouTube page. Customers can redeem special giveaways as part of the Anniversary Neko Missions and win amazing Positively Pink Grand Prizes.
Besides that, 7 winning customers also stand a chance to win fantastic prizes by participating in the AEON Bank One-derful Giveaway. Customers just need to use AEON Bank Debit Card-i when making a purchase of at least RM50 on groceries at any grocery outlets, follow AEON Bank Instagram page @aeonbankmy and DM their particulars and receipt screenshot; terms and conditions apply.
One of a Kind Grocery Card with Real Cashback Reward
To mark this meaningful milestone, AEON Bank is introducing a Limited Edition Anniversary AEON Bank Debit Card-i that coincides with its Grocery Rewards Campaign, held from 26 May until 31 December 2025.
Uniquely different compared to any other debit card, AEON Bank Debit Card-i x Grocery Rewards Campaign unlocks a minimum 4% cashback, with no minimum spend for customers who purchase their groceries at any grocery store nationwide, terms and conditions apply.
• Earn 8x + 1x = 9x AEON Points for grocery purchases made using AEON Bank Debit Card-i at AEON Supermarket, AEON BiG and Max Valu, applicable upon scanning the membership code from the AEON Bank app
• Earn 8x AEON Points for grocery purchases made using AEON Bank Debit Card-i
Every Ringgit spent using the AEON Bank Debit Card-i will be rewarded with AEON Points which translates into real cashback. The accumulated AEON Points can be redeemed into cash value that will be deposited safely into your own Savings Account-i.
'Digital banks are catalysing Malaysia's banking and fintech sector — accelerating the adoption of digital payments and cashless transactions and bringing us closer to becoming a truly cashless society. As PayNet congratulates AEON Bank on their first anniversary, we remain committed to strengthening our strategic partnership by enabling innovative services, bridging the digital divide and expanding a more inclusive fintech ecosystem that's accessible to everyone, from all walks of life,' said PayNet's Commercial Division Senior Director, Azrul Fakhzan Mainor.
Meanwhile, the sparkly new design of the limited edition Anniversary AEON Bank Debit Card-i would be available soon.
Manage Your Finances with Personal Financing-i and Term Deposit-i
Realising that many Malaysians struggle in managing their financial needs, while others would like to optimise their fund to reach a financial target, AEON Bank has developed two Personal Banking products for its customers - Personal Financing-i and Term Deposit-i.
Personal Financing-i (PF-i) can be a much needed support for those that wish to close the cash flow gap. For example, a customer named Sofia will be receiving her bonus next month, but the deposit for her kitchen renovation needs to be paid within this week. After careful consideration, she opted to apply for the Personal Financing-i, as it offers a collateral free, Shariah Compliant financing facility of up to RM50,000, with flexible repayment tenure ranging between 3 to 48 months. She is also keen on the fully online application process for PF-i which can be done via the AEON Bank mobile app, without the hassle of physical paperwork or going to a bank counter.
Meanwhile, for customers that would like to substantially grow their savings, Term Deposit-i (TD-i) makes it possible to earn profit on their deposits over a fixed term of various tenure options, with up to 3.08% profit rate p.a.
Stay on Track with Your Financial Goals Through AEON Bank's Savings Pot
Budget-minded customers know that they should be putting money aside for emergencies and future financial aspirations. It could also be intended for their dream home and year end vacation. AEON Bank's Savings Pot makes it easy to stay on track, while earning rewarding profits. Customers just create a Savings Pot, then transfer any amount from your Savings Account-i to the Savings Pot and easily earn 3.00% p.a. profit rate, with the flexibility to deposit more or withdraw the fund anytime via the app itself.
If you are curious about how digital banking can be experienced differently, this anniversary month is the perfect time to optimize on what AEON Bank has to offer. From real cashback to a digital-first banking convenience, kickstart this journey towards easy digital banking, mindful spending and growing your savings—all with AEON Bank by your side.
For more details, click here to browse AEON Bank's website, follow on social media, download the AEON Bank app and remember to tune-in our YouTube channel to join the One-derful Anniversary Show.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Edelteq unit in JV with Halo Technologies
Edelteq unit in JV with Halo Technologies

The Star

timean hour ago

  • The Star

Edelteq unit in JV with Halo Technologies

PETALING JAYA: Edelteq Holdings Bhd 's wholly owned subsidiary Edelteq Ventures Sdn Bhd has formed a joint venture (JV) with Halo Technologies Sdn Bhd to manufacture and commercialise automated optical inspection (AOI) machines. The JV company, called Halovision System Sdn Bhd, will target applications in Substrate Panel (Raptor series) and semiconductor wafer Level (i-Falke series) inspection. Edelteq and Halovision will each have a 50% share in the joint venture. In a filing with Bursa Malaysia, Edelteq said the JV will provide a potential new income stream through profit-sharing from the JV company, with scalability across regional markets. 'The board believes that the proposed joint venture will contribute positively to the future performance and competitiveness of the Edelteq group. The proposed JV is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and the substantial shareholders' shareholdings of Edelteq for the financial year ending Dec 31, 2025,' it said.

EPF hit by global challenges
EPF hit by global challenges

The Star

timean hour ago

  • The Star

EPF hit by global challenges

PETALING JAYA: Subdued global markets due to geopolitics and economic uncertainty led the Employees Provident Fund (EPF) to record a 13% year-on-year decrease in investment income in the first quarter of the (1Q25). The retirement fund made total investment income of RM18.31bil in the period, compared with the RM20.99bil it recorded for the same quarter last year. It's worth noting that the last time EPF recorded a lower investment income was in 1Q22, where RM15.85bil was recorded as opposed to the RM19.29bil recorded in 1Q21. EPF chief executive officer Ahmad Zulqarnain Onn said the decrease in the latest quarter was due to global markets turning volatile early in the year from trade frictions and policy volatility. 'While the announcement of tariffs was made by the US administration on April 2, uncertainty surrounding US trade policies had begun to affect major stock markets throughout the quarter,' he said in a release yesterday. Even as inflationary pressures in many economies began to moderate, the pace and timing of monetary policy easing differed across regions, thus dampening risk appetites. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told StarBiz the decline in global equity markets, especially over US policies on trade, was likely the main contributing factor for a weaker period for the fund. He said the 1Q25 numbers were hardly surprising since equity investments were EPF's main income driver, accounting for 59% of total income for the quarter. 'Nonetheless, we have seen global equities rebound during the month of May and perhaps it may continue in June,' he said. 'This may help the fund performance going forward.' According to Ahmad Zulqarnain, EPF's diversified global portfolio cushioned the impact and kept the institution on course for long-term value creation. Afzanizam agreed, saying well diversified portfolios have ensured EPF investment performance will continue to be mitigated through large exposure in the fixed income markets, constituting 48% of total assets that will act to ensure capital preservation. 'To some degree, it can also play a role as capital appreciation in light of the expected decline in global interest rates and the inverse relationship between bond prices and interest rate where bond prices will rise as interest rates go lower,' he said. So, what can Malaysians expect for the rest of the year? Afzanizam said there is bound to be some improvement in returns for the fund in the second half of this year. EPF's performance will hinge on predominantly US trade policies particularly as the 90-day pause comes to an end in July. 'The situation is extremely fluid, concerns over US government finances along with elevated geopolitical risks will result in cautious sentiment in the global equities market,' he said. Likewise, Rakuten Trade head of equity sales, Vincent Lau believes financial markets will rebound in the second half of this year. He said as tariff tensions are being ironed out, there will be a higher chance that economies globally, including Malaysia's economy, will pick up and recover. 'We can expect the White House to come up with a statement of some sort soon, and by the time that happens, things will get better,' he said. Despite some analysts cutting valuation on the FBM KLCI, Lau said bond yields have come down a little and even bitcoin is at an all-time high. 'This shows that people are still willing to take risks. To add to that, the EPF's portfolio is very diversified. Backed by last year's high dividends, there's a good chance for EPF to make a stronger comeback.' Economist Geoffrey Williams said judging by how the FBM KLCI has somewhat recovered after the 90-day tariff pause, causing it to gain 13% in the middle of May – this however was not sustained. Williams said the reason behind it was profit taking and continued uncertainty. 'So if the tariff issue improves, then there could be a rebound but Malaysian equities remain volatile,' he opined. As for EPF's earnings results, Williams said both domestic and global market volatility impacted results. However, he reckons a domestic focus on investments are holding back returns, thus more options for overseas investment would be better for EPF members. During the period, international investments generated RM8bil or 44% of the total investment income. EPF said its domestic investments, which account for 62% of total assets, have continued to provide long-term income stability through dividends, interest and profits from sukuk. As of March 2025, EPF's total investment assets stood at RM1.26 trillion, with 38% invested internationally. The FBM KLCI is down around 8% this year and has fallen around 14% since highs in 2018 so this is a long-term trend in domestic equities. By contrast the Dow Jones is flat for the year so far having fallen around 16% from its peak in January to lows in April. It has recovered some of its losses, its long-term performance is much better and it is up more than 75% since 2018. Hence, overseas equity markets do offer better returns than local equities. Meanwhile, as the International Monetary Fund has lowered its global growth forecast for this year to 2.8%, Malaysia's real gross domestic product growth forecast for 2025 is expected to be slightly lower than the original forecast of 4.5% to 5.5%. The fund is prepared for this. 'In a more challenging and uncertain market environment, the EPF maintains a dynamic and well-diversified portfolio to help safeguard value and manage downside risks. 'We continue to actively explore investment opportunities across both domestic and international markets to strengthen our portfolio and support long-term, sustainable returns for our members,' Ahmad Zulqarnain concluded. Of the total investment income, RM15.87bil was generated for Simpanan Konvensional and RM2.44bil for Simpanan Syariah. The fund added it is committed to invest over 70% of its annual allocation in the domestic market. This reflects its role as a long-term investor and aligns with the government's Ekonomi Madani framework. 'Through the GEAR-uP initiative, the EPF is focused on building investment opportunities in the healthcare sector,' it added.

Kenanga Investors Leads Phase 3 Of Dive Against Debris Initiative
Kenanga Investors Leads Phase 3 Of Dive Against Debris Initiative

The Sun

time5 hours ago

  • The Sun

Kenanga Investors Leads Phase 3 Of Dive Against Debris Initiative

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 May 2025 - Kenanga Investors Berhad (' Kenanga Investors ') returned as the lead sponsor for the Dive Against Debris initiative for the third consecutive year, having supported the programme since its inception. Organised by the Black Eye Scuba Team (' BEST '), the programme was held from 10 to 12 May 2025 at Pulau Perhentian Kecil, focusing on marine and beach clean-up along Long Beach and its surrounding waters, while fostering greater environmental awareness. The initiative saw the participation of volunteers from Malaysia and abroad, with 25 individuals representing Kenanga Investors, including employees, distribution partners, and clients. Together with other volunteers, they contributed to the collection of 282.4 kilogrammes of waste and debris from both the beach and nearby marine areas. As part of the programme, an environmental conservation talk was conducted at Sekolah Kebangsaan Pulau Perhentian to encourage students to develop awareness of sustainability and the importance of protecting the environment from an early age. This effort reflects Kenanga Investors' broader commitment to shaping a better future for the communities it serves. 'Phase 3 marks our third year supporting this initiative and reinforces our commitment to environmental, social, and governance priorities,' said Datuk Wira Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga Investors. 'We believe in taking active steps to protect our environment and remain dedicated to long-term efforts that drive meaningful and lasting change. This initiative is one of the many ways we uphold our belief in 'Invest for Good'.' 'We are thankful to everyone who represented Kenanga Investors during this programme,' added Datuk Wira De Alwis. 'It is through the dedication of all of our stakeholders that we bring our values to life and make a tangible difference where it matters.' This initiative is one of many ways Kenanga Investors brings its ESG commitments to life. In line with this, the firm is also proud to champion the Eq8 FTSE Malaysia Enhanced Dividend Waqf ETF (' Eq8WAQF '), the world's first Waqf-featured Exchange Traded Fund, reflecting the firm's dedication to impact investing and creating long-term, sustainable benefits for communities.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store