Aeon Credit issues 10th sukuk wakalah of RM150mil
"The proceeds will be utilised for financing of disbursements to customers in the ordinary course of business of providing consumer financing based on Shariah principle, financing expenses relating to the ICP programme, and refinancing any existing and future Islamic financing facilities of the issuer,' it said in a Bursa Malaysia filing. - Bernama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
23 minutes ago
- Barnama
Ringgit Rebounds To Close Higher On Better-Than-Expected 2Q GDP Forecast
WORLD By Harizah Hanim Mohamed KUALA LUMPUR, July 18 (Bernama) -- The ringgit rebounded from recent losses to end higher against the US dollar on Friday, supported by a better-than-expected forecast of Malaysia's second quarter growth, which signalled that the domestic economy remains resilient amid external uncertainties. At 6 pm, the local note rose to 4.2410/2455 from 4.2465/2510 at Thursday's close. Malaysia's economy is forecast to grow by 4.5 per cent in the second quarter of 2025 (2Q 2025) based on advance gross domestic product (GDP) estimates, slightly outpacing the previous quarter's 4.4 per cent. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the recent pre‑emptive overnight policy rate cut by Bank Negara Malaysia would likely support growth in the second half, especially as downside risks have increased. 'The ringgit appeared to have gained some strength today, improving 0.13 per cent against the US dollar,' he noted. Second quarter growth was driven by robust domestic demand, with the growth momentum sustained in April and May, with a stronger performance anticipated in June, according to the Department of Statistics Malaysia's (DOSM) advance forecast today. At the close, the ringgit traded mostly easier against a basket of major currencies. It improved against the Japanese yen to 2.8517/8549 from 2.8548/8580 at yesterday's close, but eased versus the euro to 4.9336/9388 from 4.9217/9269 and retreated against the British pound to 5.6999/7060 from 5.6886/6946. The local note trended mostly higher against ASEAN currencies.
Malaysiakini
an hour ago
- Malaysiakini
TH Plantations CEO on garden leave, CFO resigns over RM5m payouts
TH Plantations Bhd (THP) CEO Mohamed Zainurin Mohamed Zain and CFO Marliyana Omar have been served with show cause letters, relating to alleged unauthorised payments of RM5.1 million made to plantation workers. Zainurin has also been placed on garden leave commencing from the date of issuance of the show cause letter until further notice, the group said in a filing with Bursa Malaysia today.
Barnama
an hour ago
- Barnama
Over 20,000 Companies Use Sirim's Testing, Expertise Every Year
KULAI, July 18 (Bernama) -- It is estimated that more than 20,000 companies use SIRIM's testing and expertise each year, said SIRIM Berhad president and group chief executive officer Datuk Dr Ahmad Sabirin Arshad. He said this included the manufacturing, plastics, road construction and apparel sectors. "We have the expertise and facilities to conduct testing and verification at SIRIM, apart from that, we also collaborate with all government agencies involved. ''This is to ensure that what is used by the industries, including in terms of construction and so on, is safe for use," he said at the 2025 SIRIM Silaturasa event at SIRIM Johor here today. Johor State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han was also present. Ahmad Sabirin, who was asked to comment on industries that utilised SIRIM's expertise, also said that SIRIM had an artificial intelligence (AI) centre, which, among other things, provided training and guidance to industry players through a programme sponsored by the Ministry of Investment, Trade and Industry (MITI). "Through this programme, we are targeting industries that use AI under the Industrial Revolution (IR 4.0) ecosystem. "So, we want to ensure that this year, 40 companies will receive guidance and next year the government is targeting around 3,000 companies over three years, with the companies targeted to become mentors to smaller firms,'' he said. He said that the initiative, which was supported by the government, would ensure that Malaysia continued to progress in line with the rapid development of technology.
