AEON Bank has officially opened registration for those interested in joining Malaysia’s first Shariah-compliant digital bank.

The entity was the first Islamic digital bank in the country to receive approval from Bank Negara Malaysia (BNM) to launch under the new digital banking framework. AEON Bank is a joint venture led by AEON Financial Service and AEON Credit Service.

To become a customer of AEON Bank, individuals require a valid Malaysian Identity Card (MyKad) for identity verification, and an existing personal savings or current account for the initial deposit as mandated by BNM’s e-KYC regulations.

Prospective customers can register through AEON Bank’s mobile banking app, available on Google Play Store and iOS App Store, and follow a straightforward onboarding process.

This process includes creating a profile, verifying their identity, and making an initial deposit into their Savings Account-i, which upon completion, will activate their account.

AEON Bank is geared towards catering to the diverse needs of Malaysian customers, offering products such as the Savings Account-i with a Saving Pot feature, Debit Card-i, and the Aeon Membership Plus (AMP).

The AMP programme, operated by AEON Credit Service, allows for points to be earned and redeemed across the AEON Group and is integrated with the AEON Bank and AEON wallet.

The Savings Account-i from AEON Bank promises several benefits, including personalised account numbers, insights into spending habits for better financial control, attractive profit rates, and protection by Perbadanan Insurans Deposit Malaysia (PIDM) for up to RM250,000 per depositor.

Additionally, the bank has announced that a Debit Card-i will soon be available to customers, further expanding its range of Shariah-compliant financial services.