PETALING JAYA: Aeon Credit Service (M) Bhd
has made its 10th issuance of sukuk wakalah under the Islamic commercial papers (ICP) programme, with a total nominal amount of RM150mil and a 179-day tenure starting from July 14, 2025.
“The proceeds will be utilised for financing of disbursements to customers in the ordinary course of business of providing consumer financing based on the syariah principle, financing expenses relating to the ICP programme, and refinancing any existing and future Islamic financing facilities of the issuer,” it said in a filing with Bursa Malaysia.
For its first quarter ended May 31, 2025 of financial year 2026, AEON Credit saw a 27% year-on-year decline in its net profit to RM77.5mil, or an earnings per share of 15.19 sen, due to a higher operating and interest expense, lower other income and higher losses from an associate. — Agencies
