KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 7 July 2026 - AEON Bank (M) Berhad, Malaysia's first digital Islamic bank, has expanded its business banking financing facilities with the introduction of Term Financing-i and Working Capital Financing-i, anchored by its Business Banking vertical, AEON Bank Biz.
Designed to provide timely and flexible capital, these two business financing facilities were developed to enable Shariah-compliant businesses in navigating shifting market demands. Both products are aligned with the Shariah finance principle of Murabahah via Tawarruq concept, delivering transparent, ethical banking solutions to the Malaysian market.
Term Financing-i: Business Growth and Strategic Expansion
Engineered to fund medium to long term growth projects, asset purchases and infrastructure expansion while maintaining a healthy cash flow. AEON Bank Biz's Term Financing-i offers this flexibility:
- Zero collateral required
- No hidden charges on financing application or utilisation
- Flexible repayment tenure of up to 60 months
- Approved fund disbursed directly into customer's AEON Bank Biz Business Current Account-i
*Terms and conditions apply
Working Capital Financing-i: Empowering Business with Liquidity Agility
This financing facility provides a flexible credit line for short term cash flow needs, designed to bridge operational budget gaps and manage financial cycles. With AEON Bank Biz's Working Capital Financing-i, customers can gain access to the following:
- High value liquidity and multiple disbursement options, within approved financing facility limit up to 3-year tenure
- Flexibility to pay your principal and refresh approved limit, without the hassle of repeated financing applications
- Up to 12-months disbursement period
- Disbursement managed fully online, deposited straight into customer's AEON Bank Biz Business Current Account-i
*Terms and conditions apply
A Dynamic Business Banking Experience
Beyond credit line disbursement, AEON Bank Biz serves as a holistic 360-degree, Shariah compliant banking partner for business owners across Malaysia. It enables businesses to manage assets, liabilities, operational financial needs and merchant operations, through a simplified banking process.
At the core of it all is the Business Current Account-i with a dynamic business banking functionality to support businesses to thrive :
- Integrated cash management capabilities for payments and collections: Seamless processing for DuitNow and RENTAS, as well as instant settlement and notification for DuitNow QR
- Smart cash management: Maximize idle capital yield via Biz Term Deposit-i, offering competitive profit optimization rates up to 3.20% p.a. on customizable tenures as short as 1 day, with an entry baseline of just RM500
- Governance controls: Multi-user level access authorizations and structured approval workflows engineered to mirror corporate governance standards safely
*Terms and conditions apply
Empowering Businesses to Scale Sustainably
This latest rollout by a digital bank in Malaysia aligns directly with the national goal to supercharge SME contributions to the domestic Gross Domestic Product (GDP) up to 50% by 2030. In order to achieve that, access to financing, including digital banking solutions remains a key enabler for business growth. In fact, this is where banking institutions and fintech catalysts such as AEON Bank play an important role in achieving that target.
Click on the links to find out more about AEON Bank Biz and discover a #BetterBusinessBanking experience to scale your growth.
Hashtag: #AEONBank #digitalbank #islamicbank #digitalislamicbank #AEONBankBiz #BusinessBanking #TermFinancing #WorkingCapitalFinancing
https://www.aeonbank.com.my/business
https://www.linkedin.com/company/aeonbankmy/?viewAsMember=true
https://www.facebook.com/share/1EqAqfTFLp/?mibextid=wwXIfr
https://www.instagram.com/aeonbankmy?igsh=dnNwYnNjb2Z4N3ky
The issuer is solely responsible for the content of this announcement.
ABOUT AEON BANK (M) BERHAD
AEON Bank (M) Berhad is Malaysia’s first digital Islamic bank, licensed and regulated by Bank Negara Malaysia and the Ministry of Finance. Officially launched on 26 May 2024, we currently offer a suite of Shariah-compliant products and services for the Personal Banking and Business Banking (AEON Bank Biz) customers.
Our Personal Banking offerings are 100% accessible online via the AEON Bank app, where customers can activate and access the deposit Savings Account-i, AEON Bank x Visa Debit Card-i, Personal Financing-i, Term Deposit-i, Savings Pot, DuitNow QR, Zakat, Takaful, JomPay, utility bill payments, as well as a range of digital payment services with strategic partners and merchants. Moreover, AEON Bank has developed the Neko Missions, Malaysia’s first gamified digital banking interactive rewards programme and ‘Neko Sensei’, the AI-powered personal financial coach.
On 8 August 2025, AEON Bank (M) Berhad officially introduced AEON Bank Biz with the integrated cash management capabilities anchored by the Business Current Account-i, alongside Biz Term Deposit-i, Biz QR, Term Financing-i and Working Capital Financing-i. AEON Bank Biz focuses on streamlined processes for account onboarding, credit assessments and financial services, utilising AI-driven fintech solutions to enable simplified procedures, faster approvals, and an enhanced digital banking experience for businesses in Malaysia.
For eligible deposit-based products under AEON Bank and AEON Bank Biz, such as the Savings Account-i, Savings Pot, Term Deposit-i, Business Current Account-i and Biz Term Deposit-i, the deposits are protected up to RM250,000 per depositor. AEON Bank is a member of Perbadanan Insurans Deposit Malaysia (PIDM) and the deposit protection is automatic and free.
Being part of the AEON Group conglomerate, AEON Bank (M) Berhad is equally held by AEON Financial Service Co. Ltd. (AFS Japan) and AEON Credit Service (M) Berhad (ACSM). AFS Japan is responsible for the AEON Group’s financial services businesses, with strong roots in the retail sector which operates in Japan and 10 countries across Asia. AEON Group is Japan’s largest retail group and it is a pure holding company that comprises eight core businesses.
AEON Group Malaysia consists of several entities, namely, AEON Co. (M) Bhd, AEON Credit Service (M) Berhad, AEON Bank (M) Berhad, AEON BiG (M) Sdn Bhd, AEON Fantasy (M) Sdn Bhd, AEON Delight (M) Sdn Bhd, AEON Global Supply Chain Sdn Bhd and Malaysian AEON Foundation (MAF). AEON Group has been a recognisable household brand with more than 200 years of history and evolution in Japan since the Edo era, along with 4 decades of growth in Malaysia, providing consumers with daily financial solutions and diversified retail convenience.
Our cloud native agility and AI optimisation, combined with the strength of our Shariah finance DNA, Malaysian tenacity and Japanese roots are our distinguishing factors, while the integration across the AEON ecosystem gives us a competitive advantage of being the only bank in Malaysia with its own nationwide retail network. On top of that, AEON Points loyalty programme offers customers value-added benefits and meaningful rewards for their online shopping and in-store purchases.
AEON Bank (M) Berhad is committed to empowering the community in pursuing their financial aspirations and achieve economic independence, while cultivating a more inclusive financial future for all. We will continue to contribute towards positioning Malaysia as the Islamic banking hub in the region and fostering the growth of the nation’s digital economy.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
Introducing the Term Financing-i and Working Capital Financing-i by AEON Bank Biz
Agency leader Bryan Phang is the sole COE (Diamond Agency) winner to achieve four consecutive award wins; Prudential’s solid showing underpinned by its strong knowledge sharing and mentorship culture
SINGAPORE - Media OutReach Newswire - 7 July 2026 – Prudential Singapore ("Prudential") achieved the strongest showing globally in the 2026 Million Dollar Round Table (MDRT) Culture of Excellence (COE) Awards, with 29 agency leaders recognised out of 68 winners worldwide. This was up from 13 winners in 2025, reflecting the strong progress made by Prudential's agency force. Accounting for more than two in five award recipients this year, Prudential had the highest number of MDRT COE Award winners globally.
The MDRT COE Award recognises agency leaders who deliver strong outcomes across six dimensions of agency management1: production, retention, recruitment, persistency, whole person, and MDRT or MDRT Academy membership.
Mr Rom Lee, Chief Agency Officer, Prudential Singapore, said: "Having 29 agency leaders recognised on the global MDRT Culture of Excellence Awards, up from 13 last year, is a strong affirmation of the standards our leaders set for themselves and their teams. Beyond individual achievement, it reflects a culture grounded on discipline, a strong MDRT sharing culture and a deep commitment to helping customers make confident financial decisions.
"We have worked to create an environment where financial representatives can grow their careers, perform at a high level and be recognised for their achievements. As customer needs continue to evolve, this culture of excellence will remain central to how we develop a trusted, future-ready agency."
MDRT COE Award winner Mr Bryan Phang, Financial Services Director, Prudential Singapore, is the only Diamond Agency recipient globally to achieve this distinction for a fourth consecutive year. This year, the agency went a step further by achieving all six criteria of the Award. Said Mr Phang: "Earning this recognition for a fourth consecutive year is meaningful. The best teams make each other better. For us, it's about developing people, building leaders and creating a culture that can sustain success over time. We hope this recognition raises the bar for what strong agency culture and high standards can achieve."
New MDRT COE Award winner, Ms Chiam Shu Yi, Wealth Director, Prudential Financial Advisers Singapore, Platinum Agency, is recognised for developing the careers of young and mid-career financial representatives. Said Ms Chiam: "Success is never built alone. The greatest fulfilment in leadership is investing in people, helping them discover hidden confidence, and reach milestones which they thought were out of reach. By supporting others, you empower them to grow, succeed, and build lives and careers they are proud of."
Agency leaders awarded the MDRT Culture of Excellence Award include:
Diamond Agency (five out of six criteria met) - Ang Wei Boon, Financial Services Manager
- Augustine Seah, Senior Executive Wealth Director
- Bryan Phang, Financial Services Director
- Dexter Goh, Financial Services Director
- Han Chi Teng, Financial Services Director
- Joyce Chan, Financial Services Director
- Nicole Ng, Senior Financial Services Manager
- Shalyn Lee, Senior Executive Wealth Director
- Tan Chin Sian, Financial Services Director
- Wesley Ee, Associate Wealth Director
- Yugi Toh, Senior Executive Wealth Director
| Platinum Agency (four out of six criteria met) - Chiam Shu Yi, Wealth Director
- Diana Ng, Financial Services Director
- Joe Goh, Financial Services Director
- Jaslyn Ng, Financial Services Director
- Kenny Siew, Financial Services Director
- Thomas Lee, Senior Executive Wealth Director
- Tricia Tan, Senior Financial Services Director
- Zinc Goh, Executive Wealth Director
|
Gold Agency (three out of six criteria met) - Alvis Thor, Group Financial Services Director
- Andrew Ang, Financial Services Director
- Gerald Wu, Executive Wealth Director
- Jaden Wang, Executive Wealth Director
- Jeffrey Yen, Senior Financial Services Manager
- Jocelyn Kau, Senior Wealth Director
- Josephine Ho, Financial Services Director
- Ng Ling Hoong, Financial Services Manager
- Shannon Loke, Group Financial Services Director
- Tracy Chia, Financial Services Director
| Three-time consecutive Award winners - Augustine Seah, Senior Executive Wealth Director
- Joyce Chan, Financial Services Director
- Han Chi Teng, Financial Services Director
- Jaslyn Ng, Financial Services Director
- Jaden Wang, Executive Wealth Director
|
- Ang Wei Boon, Financial Services Manager
- Augustine Seah, Senior Executive Wealth Director
- Bryan Phang, Financial Services Director
- Dexter Goh, Financial Services Director
- Han Chi Teng, Financial Services Director
- Joyce Chan, Financial Services Director
- Nicole Ng, Senior Financial Services Manager
- Shalyn Lee, Senior Executive Wealth Director
- Tan Chin Sian, Financial Services Director
- Wesley Ee, Associate Wealth Director
- Yugi Toh, Senior Executive Wealth Director
- Chiam Shu Yi, Wealth Director
- Diana Ng, Financial Services Director
- Joe Goh, Financial Services Director
- Jaslyn Ng, Financial Services Director
- Kenny Siew, Financial Services Director
- Thomas Lee, Senior Executive Wealth Director
- Tricia Tan, Senior Financial Services Director
- Zinc Goh, Executive Wealth Director
- Alvis Thor, Group Financial Services Director
- Andrew Ang, Financial Services Director
- Gerald Wu, Executive Wealth Director
- Jaden Wang, Executive Wealth Director
- Jeffrey Yen, Senior Financial Services Manager
- Jocelyn Kau, Senior Wealth Director
- Josephine Ho, Financial Services Director
- Ng Ling Hoong, Financial Services Manager
- Shannon Loke, Group Financial Services Director
- Tracy Chia, Financial Services Director
- Augustine Seah, Senior Executive Wealth Director
- Joyce Chan, Financial Services Director
- Han Chi Teng, Financial Services Director
- Jaslyn Ng, Financial Services Director
- Jaden Wang, Executive Wealth Director
Prudential's agency force has continued to deliver strong results and a consistently growing number of qualifiers. In 2026, it had 1,425 MDRT qualifiers, including 186 Court of The Table (TOT) and 73 Top of the Table (TOT) qualifiers, as well as 29 MDRT COE Award winners.
Prudential continues to invest in capability building across its agency force through training and professional development pathways. These include the Financial Consultant Induction Programme (FCIP) for new joiners, which leads to an Institute of Banking and Finance Qualified (Level 1) certification, as well as leadership development tracks such as the Chartered Insurance Agency Manager designation.
The company also equips financial representatives to serve affluent and high-net-worth customers through its in-house High Net Worth Skill Up Series and external programmes including the Certified Affluent Wealth Adviser and Advanced Affluent Wealth Adviser courses by the Wealth Management Institute. In 2024, Prudential also enhanced its Management Associate Programme (MAP) to support fresh graduates and young professionals pursuing a career as financial representatives2.
Prudential has 5,400 financial representatives with its tied agency and financial advisory arm, Prudential Financial Advisers Singapore, as of 31 December 2025.
1 For more information on criteria for MDRT Culture of Excellence Awards, please visit: https://www.mdrtcenter.org/culture-of-excellence-awards
2 For more information about the enhanced Management Associate Programme, visit: https://www.prudential.com.sg/about/newsroom/press-release/2024/prudential-ramps-up-hiring
Hashtag: #Prudential #PrudentialSingapore #MDRTCOE #MDRTCultureofExcellenceAward
https://www.prudential.com.sg/
https://sg.linkedin.com/company/prudential-assurance-company-singapore
https://www.facebook.com/PrudentialSingapore/
https://www.instagram.com/prudentialsingapore/
The issuer is solely responsible for the content of this announcement.
About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life and health insurance companies in Singapore, serving the financial and protection needs of the country's citizens for 95 years. As at 31 December 2025, it has S$66.3 billion funds under management. The company has an AA Financial Strength Rating from leading credit rating agency Standard & Poor's and delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of 5,400 financial representatives.
About MDRT Center for Field Leadership
The MDRT Center for Field Leadership was created exclusively for financial services field and home office leaders. As a separate, individual membership association with innovative leadership development strategies, the MDRT Center provides its members with exceptional value and leadership growth opportunities. MDRT Center membership allows increased engagement within the MDRT community while allowing leaders to develop a culture of excellence within their respective organizations. To learn more visit mdrtcenter.org.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
