AEON Credit Service (KLSE:AEONCR) has issued its 12th tranche of 200 million Malaysian ringgit Islamic commercial papers (Sukuk Wakalah) with a tenure of 92 days, according to a Wednesday filing to the Malaysian bourse.

This facility is part of a larger ongoing Islamic commercial papers program used to fund Shariah-compliant consumer loans and refinancing facilities. It is scheduled to mature on Oct. 15.

Sukuk Wakalah shall be used for Shariah-compliant purposes, including providing consumer financing based on Shariah principles, the financing expenses relating to the Sukuk Wakalah, and to refinance any existing and future Islamic financing facilities of the issuer.

The company's shares were up nearly 1% in Thursday's trade.