TNG Digital has launched Amanah Saham Bumiputera (ASB) Financing on its TNG eWallet in collaboration with CIMB Islamic Bank, marking the platform’s first Islamic financing product.
The facility is particularly aimed at improving accessibility for Bumiputera users. It helps them build long-term wealth through structured monthly payments, rather than requiring a large upfront capital commitment.
Bumiputera users currently make up 70% of TNG eWallet’s Amanah Saham Nasional Berhad (ASNB) investor base. This demographic also contributes 52% of the total investment value on the platform.
Since integrating ASNB services in 2023, TNG eWallet has reported a 44% year-on-year increase in active investment users as of May 2026.
The new financing option builds on this existing integration. It allows users to view and manage their ASNB investments directly within the application.
Financing amounts range from RM10,000 to RM200,000, with flexible repayment tenures spanning between five and 40 years.
The application process is fully digital. Users can apply, track their status, and monitor their investments without visiting a bank branch or submitting physical paperwork.
“As our first Islamic financing offering on TNG eWallet, this launch also marks an important step in strengthening the breadth of financial solutions available within GOfinance,”
said Desmond Teoh, Chief Financial Services Officer at TNG Digital.
The ASB Financing feature channels funds into ASB investments through the CIMB Islamic financing structure, expanding TNG eWallet’s digital financial services portfolio.
“We are pleased to collaborate with TNG Digital in driving the next phase of digital financial inclusion,”
said Haniz Nazlan, CEO, Group Consumer Banking at CIMB.
Featured image credit: Edited by Fintech News Malaysia, based on image by vishaldesignstudio via Magnific
