Key Highlights:
- Pioneering Shariah-Compliant Financing for Telco Sector: redONE Mobile introduces redCASH-i, the nation’s first telco-led, fully digital Islamic personal financing product, exclusively for redONE Mobile Customers.
- Empowering redONE Customers with Values-Based Financing: redCASH-i not only eqips redONE Mobile Customers with accessible, Shariah-compliant financing, but also offers a values-driven alternative for Customers seeking ethical, Islamic principles-aligned financial solutions.
- Strategic Collaboration with SEDANIA As Salam Capital: The Shariah-compliance financing product leverages SASC’s proprietary As-Sidq platform, ensuring a fully automated, 24/7 Tawarruq murabahah process and is endorsed by Masyref Advisory Sdn Bhd, affirming its adherence to Islamic principles.
PUCHONG, 16 July 2025 – redONE Network Sdn Bhd (“redONE Mobile”) proudly unveils redCASH-i, Malaysia’s first fully digital Shariah-compliant micro-financing solution introduced by a telco provider, in partnership with SEDANIA As Salam Capital (“SASC”), Malaysia’s leading Islamic consumer tech enabler.
This latest innovation marks a bold step forward in redONE Mobile’s mission to leverage on its extensive customer base and expanding digital ecosystem by empowering communities with ethical and inclusive financing tools.
Exclusively offered to redONE Mobile Postpaid Customers with at least six (6) months of consistent bill payments, redCASH-i provides fast, convenient, and fully Shariah-compliant financing directly with only a few taps on one’s mobile phone.
“This partnership marks a significant milestone for redONE Mobile as we continue to expand beyond mobile connectivity into inclusive, value-driven services. With redCASH-i, we’re providing loyal redONE Mobile Customers with access to practical, Shariah-compliant financing when they need it most,” said redONE Mobile CEO, Ameen Amaendran following an official signing ceremony with SASC at its office today.
“By delivering a Shariah-compliant, digital-first financing solution, we’re not only empowering our loyal customers with on-demand financial needs, but also redefining what it means to be a telco in today’s evolving landscape,” added Ameen.
Underscoring the same belief, “We are excited to partner with redONE Mobile to bring redCASH-i to life – a solution that addresses the intersection of innovation, ethics, and inclusion for redONE’s Mobile’s postpaid Customers. The growing demand for Shariah-compliant financial solutions, especially among the informal sector, signals a meaningful shift toward value-based financing,” said SEDANIA As Salam CEO Nisa Ismail.
“Through our As-Sidq platform and GoHalal Financing Program, this partnership enables us to support our mission of improving lives, while expanding the reach of Islamic fintech in a way that’s fast, transparent, and impactful for the community. Enabled by As-Sidq’s end-to-end automation, 24/7 accessibility and full transparency, redCASH-i eliminates ambiguity, hidden charges and the friction typically associated with financing applications,” said Nisa.
redONE Mobile’s Fintech Journey: Expanding New Frontiers
redCASH-i builds upon the momentum of redCASH, redONE Mobile’s first foray into the personal financing space in 2023. With redCASH, redONE Mobile made history as the first Mobile Virtual Network Operator in Malaysia to offer personal financing solution directly to its postpaid Customers.
redCASH’s successful debut revealed a deeper opportunity: the growing preference for Shariah-compliant solutions post-pandemic. With redCASH-i, redONE Mobile now extends that value proposition to a wider audience – ushering in a new chapter in digital Islamic finance tailored specifically for its fast-growing telco customer base.
Financing amounts range from RM1,000 to RM10,000, with flexible tenure options of 6 to 24 months. The approval process is efficient and automated, with decisions made in as little as one (1) business day, provided complete and accurate application details are submitted.
To ensure full adherence to Islamic principles, redCASH-i’s Shariah compliance has been reviewed and endorsed by Masyref Advisory Sdn Bhd, a well-recognised and licensed Shariah advisory firm. This ensures every transaction is guided by the highest standards of Islamic jurisprudence, reinforcing trust in both the product and the process.
Leadership Perspectives: A Strategic Shift from Telco to Fintech
Ameen Amaendran, CEO of redONE Mobile, said the company’s latest Shariah-compliant personal financing product reinforces the telco’s mission to drive innovation and inclusivity:
“redCASH-i marks another proud milestone in redONE Mobile’s journey beyond connectivity. This is not just about financing – it’s about empowering communities that have been overlooked for far too long. By entering the inclusive financing space, redONE Mobile is not only creating a new revenue stream but also proving that a telco can play a transformative role in financial empowerment. It further differentiates us as a diversified telco group with fintech capabilities in Malaysia and the region.”
Khairul Nisa Ismail, CEO of SASC, emphasised the alignment of values between SASC and redONE Mobile:
“Our collaboration with redONE Mobile on redCASH-i exemplifies our shared commitment to delivering accessible, ethical, and value-based financial solutions for the community, in keeping with our ethos of Improving Lives Sustainably. By harnessing our As-Sidq platform and the GoHalal Financing Program, we are proud to contribute to the growing Islamic fintech ecosystem in Malaysia and meet the rising demand for ethical financing solutions that align with the principles and values of Malaysian consumers.”
Khairil Anuar, Director of Masryef Advisory, shared his thoughts on the importance of the collaboration in ensuring Shariah integrity within fintech innovation:
“As the Shariah advisor, our role is to ensure that every aspect of the financing solution is not only grounded in Islamic principles, but also responsive to the evolving needs of today’s consumers. With our deep expertise in Shariah advisory and Islamic product development, we are proud to support innovative financial solutions like redCASH-i, solutions that uphold the highest standards of Shariah compliance while driving meaningful impact and promote financial inclusion for the community”
With redCASH-i, redONE Mobile, SEDANIA As Salam Capital and Masryef are jointly setting a new benchmark in Islamic fintech in the mobile telecommunications sector – delivering purpose-built personal financing solution that is practical, inclusive, and ethical by design.
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From left : Mr.Hilmi Hithir (Principal at Masryef Advisory), Puan Khairul Nisa (CEO of As Salam Capital) presenting a token of appreciation to Mr. Ameen Amaendran (CEO of redONE Mobile), Mr. Ho Kok On (Senior Manager Financial Service of redONE Mobile)
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Eligible redONE Mobile Postpaid Customers may apply for redCASH-i online at: https://www.redcash.com.my/redcash-i
