Amanah Raya Berhad

Last updated
Amanah Raya Berhad
FormerlyDepartment of Public Trustee and Official Administrator
Type State-owned enterprise
Founded1 May 1921
HeadquartersWisma AmanahRaya, No 2, Jalan Ampang, 50508 Kuala Lumpur, Malaysia
Parent Minister of Finance Incorporated
Subsidiaries List of subsidiaries
Website www.amanahraya.my

Amanah Raya Berhad is a Malaysian trustee company, wholly owned by the Government of Malaysia. [1]

Contents

History

Amanah Raya Berhad is Malaysia’s premier trustee company wholly owned by the Government of Malaysia, under the purview of the Ministry of Finance.

Established in 1921 as the Department of Public Trustee and Official Administrator, the company was corporatized in 1995.

In 2021, a public accounts committee found that the company lost RM114.34m in 2019 as a result of making investments without Investment Committee approval. [1] Following the report, Amanah Raya Berhad was advised to conduct an audit, and on 13 June 2022 a follow-up report was presented to parliament. [2]

Subsidiaries

Capital markets

  1. AmanahRaya Investment Management Sdn Bhd (formerly known as AmanahRaya - JMF Asset Management Sdn Bhd)
  2. Amanah Raya Capital Sdn Bhd
  3. AmanahRaya Investment Bank Ltd
  4. AmanahRaya - REIT Managers Sdn Bhd

Property management

  1. AmanahRaya Hartanah Sdn Bhd
  2. AmanahRaya Development Sdn Bhd

Trust management

  1. AmanahRaya Trustees Berhad
  2. Amanah Raya (Labuan) Limited

Strategic partnerships

  1. Bank Islam Malaysia Berhad
  2. Malaysia Building Society Berhad
  3. Bank Persatuan Malaysia Berhad
  4. SME Bank Berhad
  5. Kuwait Finance House
  6. Bank Simpanan Nasional
  7. Affin Islamic Bank Berhad
  8. AgroBank Berhad
  9. Bank Muamalat Malaysia Berhad
  10. Hong Leong Islamic Bank Berhad
  11. Bank Kerjasama Rakyat Malaysia Berhad
  12. Asian Finance Bank Berhad
  13. Al Rajhi Banking & Investment Corporation (M) Berhad
  14. Koperasi Pegawai-Pegawai Melayu Malaysia
  15. OCBC Al-Amin Bank Berhad
  16. Hong Leong Bank Berhad

Related Research Articles

<span class="mw-page-title-main">Tengku Razaleigh Hamzah</span> Malaysian politician

Tan Sri Tengku Razaleigh bin Tengku Mohd Hamzah is a Malaysian politician who served as the Member of Parliament (MP) for Gua Musang from August 1986 to November 2022 and for Ulu Kelantan from August 1974 to August 1986. He is the longest-serving MP by serving from 1974 to 2022 for 48 years. He is sometimes referred to as the Father of Malaysian Economic Development for playing a pivotal role in establishing and implementing key foundations and policies in Malaysian economy. A descendant of Malay royalty, he is a great-uncle of the current Sultan of Kelantan, Sultan Muhammad V.

<span class="mw-page-title-main">Maybank</span> Malaysian bank

Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth top brand in amongst the Asean countries, and ranked 70th in the world’s most valuable bank brands.

YTL Corporation Berhad is a Malaysian infrastructure conglomerate, founded in 1955 by Yeoh Tiong Lay, after whom the group is named. YTL Corporation Berhad is an integrated infrastructure developer with extensive operations in countries including Malaysia, Singapore, the United Kingdom, Australia, France, Indonesia, Japan, Jordan, Myanmar, the Netherlands, Thailand and Vietnam. The company has grown from a small construction firm into a global infrastructure company generating over RM25 billion in annual revenue and RM5 billion in EBITDA with over 70 percent coming outside Malaysia.

<span class="mw-page-title-main">Sime Darby</span> Malaysian trading conglomerate

Sime Darby Berhad is a Malaysian trading conglomerate. Its core businesses operate and serve in the industrial, motors and logistics sectors as well as the healthcare, and insurance segments.

DRB-HICOM Berhad is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017. The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner. DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion. The Group also retails various brands such Audi, Mitsubishi and Volkswagen.

<span class="mw-page-title-main">Hong Leong Bank</span> Malaysian Banking Company

Hong Leong Bank Berhad is a major public listed banking group in Malaysia.

Prasarana Malaysia Berhad (Prasarana) (English: Malaysian Infrastructure Limited) is a 100% government-owned company which was set up by Ministry of Finance (Malaysia) as a corporate body established under the Minister of Finance (Incorporation) Act 1957 to own the assets of multi-modal public transport operator in Malaysia, under the government's move to restructure the city's public transport system. It is one of the largest public-transport companies in Malaysia other than Konsortium Transnasional Berhad. As a government-owned company since 1998, it operates stage bus and light metro services via several wholly owned subsidiaries.

<span class="mw-page-title-main">Johor Corporation</span> State owned corporation

Johor Corporation (JCorp) is Johor’s principal development institution for the State. Headquartered in Johor Bahru, Malaysia, its operations span multiple countries including Malaysia, Singapore, Indonesia, Brunei, Australia,Thailand, Cambodia and Bangladesh.

Amanah or Al-Amanah may refer to:

<span class="mw-page-title-main">Malaysian Electronic Payment System</span>

The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).

<span class="mw-page-title-main">Tabung Haji</span>

Lembaga Tabung Haji (Jawi: تابوڠ حاج ; Arabic صندوق الحج) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings for the pilgrimage to Mecca through investment in Shariah-compliant vehicles. Through its subsidiaries, the company also engaged in other industries such as finance, hospitality, property, plantation and information technology.

<span class="mw-page-title-main">Permodalan Nasional Berhad</span> Malaysian investment company

Permodalan Nasional Berhad (PNB) is one of the largest fund management companies in Malaysia. It was established on 17 March 1978 as one of the instruments of the government's New Economic Policy.

<span class="mw-page-title-main">AmBank</span> Malaysia-based bank

AmBank Group comprises AMMB Holdings Berhad is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance.

<span class="mw-page-title-main">1Malaysia Development Berhad</span> Insolvent development company embroiled in scandals

1Malaysia Development Berhad is an insolvent Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated).

<span class="mw-page-title-main">Tun Razak Exchange</span> Central business district in Malaysia

The Tun Razak Exchange, otherwise known as TRX, is a 70-acre development by 1Malaysia Development Berhad (1MDB) in the heart of Kuala Lumpur for international finance and business. The development was named after the second Prime Minister of Malaysia, Tun Abdul Razak Hussein, due to its location along Jalan Tun Razak. TRX is a strategic enabler of the Malaysian government's Economic Transformation Programme (ETP).

<span class="mw-page-title-main">Rusni Hassan</span>

Rusni Hassan currently is a Professor and Dean at IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia. Previously, she was a Deputy Dean at the Institute, a Coordinator for Research and Publication and Course Coordinator for Islamic Law of Transactions and Islamic Banking and Takaful. She was a Research Committee for Review of Islamic Banking Laws, Central Bank of Malaysia and an examiner for Financial Planner Association of Malaysia. Presently she is the examiner for the Chartered Institute of Management Accountants. She was a member of Shariah Advisory Council Bank Negara Malaysia and Shariah Advisor for Association of Islamic Banking Institutions Malaysia. She also served as Secretary for the Association of Shariah Advisors in Islamic Finance Malaysia for 8 years starting from 2012 until 2020.

Tan Sri Sabbaruddin bin Chik was a Malaysian politician who served as Minister of Culture, Arts and Tourism from 1987 to 1996.

<span class="mw-page-title-main">Mohd Irwan Serigar Abdullah</span> Malaysian

Mohd. Irwan Serigar bin Abdullah has served as the Secretary General of the Treasury in the Ministry of Finance from 2011 to May 14, 2018. Many know him as the Chairman of the Malaysian Global Innovation and Creativity Center (MaGIC) and the founder and patron of the Global Entrepreneurship Movement (GEM), a non-government organization (NGO) which is a networking platform among entrepreneurs.

References

  1. 1 2 Tuesday, 12 Oct 2021 04:27 PM MYT (12 October 2021). "PAC: Making investments without approval, not setting benchmark led to Amanah Raya Bhd losses of RM114.34m in 2019 | Malay Mail". www.malaymail.com. Retrieved 2022-02-08.
  2. "Official Portal of the Parliament of Malaysia - PAC MEETING".