Minister of Finance (Malaysia)

Last updated
Minister of Finance
Menteri Kewangan
Coat of arms of Malaysia.svg
Anwar Ibrahim 09012023 (cropped).jpg
Incumbent
Anwar Ibrahim
since 3 December 2022 (2022-12-03)
Ministry of Finance
Style Yang Amat Berhormat Menteri
(The Most Honourable Minister)
AbbreviationMOF
Member of Cabinet of Malaysia
Reports to Parliament of Malaysia
Seat Putrajaya
Appointer Yang di-Pertuan Agong on the recommendation of the Prime Minister of Malaysia
Formation1957 (1957)
First holder Henry Lee Hau Shik
Deputy Lim Hui Ying
Website www.mof.gov.my

The Minister of Finance (or simply, Finance Minister) (Malay : Menteri Kewangan) is the head of the Ministry of Finance of the Government of Malaysia. One of the senior posts in the Cabinet of Malaysia, the finance minister is responsible for determining the fiscal policy and managing national budget of the government.

The Minister of Finance has been Prime Minister Anwar Ibrahim since 3 December 2022. He previously served his first term from 1991 to 1998.

List of the ministers of finance

The following individuals have been appointed as Minister of Finance, or any of its precedent titles:

Political party:   Alliance/BN    PH    Independent

PortraitName
(Birth–Death)
Constituency
Political partyTitleTook officeLeft officeDeputy Minister Prime Minister
(Cabinet)
Tun Henry H S Lee.jpg Henry Lee Hau Shik
(1900–1988)
Nominated
Alliance (MCA)Minister of Finance31 August 195722 August 1959Vacant Tunku Abdul Rahman
(I)
Tan Siew Sin
(1916–1988)
MP for Malacca Tengah
22 August 19598 April 1974Vacant
(1959–1973)
Mohamed Rahmat
(1973–1974)
Tunku Abdul Rahman
(IIIIIIV)
Abdul Razak Hussein
(I)
Tun Hussein Onn (MY 3rd PM).jpg Hussein Onn
(1922–1990)
(Deputy Prime Minister)
MP for Sri Gading
BN (UMNO)19741976 Chong Hon Nyan Abdul Razak Hussein
(II)
Tengku Razaleigh Hamzah (2 version).jpg Tengku Razaleigh Hamzah
(b. 1937)
MP for Ulu Kelantan
19761984 Richard Ho
(1976)
Neo Yee Pan
(1976–1979)
Rafidah Aziz
(1977–1980)
Mak Hon Kam
(1979–1982)
Najib Razak
(1981–1982)
Sabbaruddin Chik
(1982–1984)
Ling Liong Sik
(1982–1984)
Hussein Onn
(III)
Mahathir Mohamad
(III)
Daim Zainuddin
(b. 1938)
MP for Kuala Muda
(1984-1986)
MP for Merbok
(1986-1991)
14 July 198415 March 1991 Sabbaruddin Chik
(1984–1987)
Tan Tiong Hong
(1984–1986)
Oo Gin Sun
(1986)
Ng Cheng Kiat
(1986)
Loke Yuen Yeow
(1986–1990)
Mohamed Farid Ariffin
(1987–1989)
Wan Abu Bakar Wan Mohamad
(1989–1990)
Mahathir Mohamad
(II • IIIIV)
Anwar 980416.jpg Anwar Ibrahim
(b. 1947)
(Deputy Prime Minister)
MP for Permatang Pauh
15 March 19912 September 1998 Abdul Ghani Othman
(1990–1993)
Loke Yuen Yow
(1990–1995)
Mustapa Mohamed
(1993–1995)
Abdullah Fadzil Che Wan
(1995–1998)
Mahathir Mohamad
(IV • V)
Mahathir Mohamad 2007.jpg Mahathir Mohamad
(b. 1925)
(Prime Minister)
MP for Kubang Pasu
2 September 19987 January 1999Abdullah Fadzil Che Wan Mahathir Mohamad
(V)
Mustapa Mohamed in CNBC-supply chains - World Economic Forum on East Asia 2012 crop.jpg Mustapa Mohamed
(b. 1950)
MP for Jeli
Second Minister of Finance2 September 199814 December 1999Abdullah Fadzil Che Wan Mahathir Mohamad
(V)
Daim Zainuddin
(b. 1938)
MP for Merbok
Minister of Finance7 January 199931 May 2001Abdullah Fadzil Che Wan
(1999)
Shafie Salleh
(1999–2001)
Chan Kong Choy
(1999–2001)
Mahathir Mohamad
(V • VI)
Mahathir Mohamad 2007.jpg Mahathir Mohamad
(b. 1925)
(Prime Minister)
MP for Kubang Pasu
5 June 20012 November 2003 Shafie Salleh
(2001–2003)
Chan Kong Choy
(2001–2003)
Ng Yen Yen
(2003)
Mahathir Mohamad
(VI)
Dato' Sri Dr. Jamaluddin Mohd. Jarjis (6 November 2006).jpg Jamaluddin Jarjis
(1951–2015)
MP for Rompin
Second Minister of Finance20 November 200226 March 2004 Shafie Salleh
(2002–2004)
Chan Kong Choy
(2002–2003)
Ng Yen Yen
(2003–2004)
Mahathir Mohamad
(VI)
Abdullah Ahmad Badawi
(I)
Abdullah Badawi in April 2008.jpg Abdullah Ahmad Badawi
(b. 1939)
(Prime Minister)
MP for Kepala Batas
Minister of Finance3 November 200323 September 2008 Shafie Salleh
(2003–2004)
Ng Yen Yen
(2003–2008)
Tengku Putera Tengku Awang
(2004–2006)
Awang Adek Hussin
(2006–2008)
Ahmad Husni Hanadzlah
(2008)
Kong Cho Ha
(2008)
Abdullah Ahmad Badawi
(I • IIIII)
Nor Mohamed Yakcop
(b. 1947)
Senator (2004-2008)
MP for Tasek Gelugor (2008-2009)
Second Minister of Finance27 March 20049 April 2009 Ng Yen Yen
(2004–2008)
Tengku Putera Tengku Awang
(2004–2006)
Awang Adek Hussin
(2006–2008)
Ahmad Husni Hanadzlah
(2008–2009)
Kong Cho Ha
(2008–2009)
Abdullah Ahmad Badawi
(II • III)
Najib Razak 2008-08-21.jpg Najib Razak
(b. 1953)
(Deputy Prime Minister)
(Prime Minister)
MP for Pekan
Minister of Finance23 September 20089 May 2018 Ahmad Husni Hanadzlah
(2008–2009)
Kong Cho Ha
(2008–2009) Awang Adek Hussin
(2009–2013)
Chor Chee Heung
(2009–2010)
Donald Lim Siang Chai
(2010–2013)
Ahmad Maslan
(2013–2015)
Chua Tee Yong
(2014–2016)
Johari Abdul Ghani
(2014–2016)
Othman Aziz
(2016–2018)
Lee Chee Leong
2016–2018)
Abdullah Ahmad Badawi
(III)
Najib Razak
(III)
Datuk Seri Ahmad Husni Hanadzlah.png Ahmad Husni Hanadzlah
(b. 1952)
MP for Tambun
Second Minister of Finance10 April 200927 June 2016 Awang Adek Hussin
(2009–2013)
Chor Chee Heung
(2009–2010)
Donald Lim Siang Chai
(2010–2013)
Ahmad Maslan
(2013–2015)
Chua Tee Yong
(2014–2016)
Johari Abdul Ghani
(2014–2016)
Najib Razak
(I • II)
Johari Abdul Ghani 2017.jpg Johari Abdul Ghani
(b. 1964)
MP for Titiwangsa
27 June 20169 May 2018 Othman Aziz
(2016–2018)
Lee Chee Leong
2016–2018)
Najib Razak
(II)
Lim Guan Eng 2019.jpg Lim Guan Eng
(b. 1960)
MP for Bagan
PH (DAP)Minister of Finance21 May 201824 February 2020 Amiruddin Hamzah Mahathir Mohamad
(VII)
U.S. - Malaysia Relations- Where Are We Heading%3F (cropped).jpg Tengku Zafrul Aziz
(b. 1973)
Senator
BN (UMNO)10 March 202024 November 2022 Mohd Shahar Abdullah
(2020–2022)
Abdul Rahim Bakri
(2020–2021) Yamani Hafez Musa
(2021–2022)
Muhyiddin Yassin
(I)
Ismail Sabri Yaakob
(I)
Anwar Ibrahim 09012023 (cropped).jpg Anwar Ibrahim
(b. 1947)
(Prime Minister)
MP for Tambun
PH (PKR)3 December 2022Incumbent Ahmad Maslan
(2022–2023)
Steven Sim Chee Keong
(2022–2023)
Lim Hui Ying
(2023–current)
Anwar Ibrahim
(I)
Amir Hamzah Azizan
(b. 1967)
Senator
IndependentSecond Minister of Finance12 December 2023 Lim Hui Ying

Related Research Articles

<span class="mw-page-title-main">Putrajaya</span> Seat of government and administrative centre of Malaysia

Putrajaya, officially the Federal Territory of Putrajaya, is the administrative centre of Malaysia. The seat of the federal government of Malaysia was moved in 1999 from Kuala Lumpur to Putrajaya because of overcrowding and congestion in Kuala Lumpur, whilst the seat of the judiciary of Malaysia was later moved to Putrajaya in 2003. Kuala Lumpur remains as Malaysia's national capital city per the constitution and is still the seat of the head of state and the national legislature, as well as being the country's commercial and financial centre.

<span class="mw-page-title-main">Ministry of finance</span> Government department responsible for financial policies

A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position.

<span class="mw-page-title-main">Prime Minister of Malaysia</span> Head of government of Malaysia

The prime ministerof Malaysia is the head of government of Malaysia. The prime minister directs the executive branch of the federal government. The Yang di-Pertuan Agong appoints the prime minister as a member of Parliament (MP) who, in his opinion, is most likely to command the confidence of a majority of MPs. The Prime Minister is usually the leader of the party winning the most seats in a general election.

<span class="mw-page-title-main">Najib Razak</span> Prime Minister of Malaysia from 2009 to 2018

Mohammad Najib bin Tun Haji Abdul Razak is a Malaysian politician who served as the sixth Prime Minister of Malaysia from 2009 to 2018. In 2020, he was convicted of corruption in the 1Malaysia Development Berhad scandal, one of the largest money-laundering and embezzlement scandals in history. He is the son of former prime minister Abdul Razak Hussein. Najib Razak was the chairman of the Barisan Nasional (BN) coalition from April 2009 to May 2018 and the president of the United Malays National Organisation (UMNO) from November 2008 to May 2018, which had maintained control of Malaysia's government with a parliamentary majority for more than sixty years until the coalition's defeat in the 2018 general election.

<span class="mw-page-title-main">Daim Zainuddin</span> Malaysian politician

Tun Dr. Che Abdul Daim bin Zainuddin is a Malaysian politician and businessman who served as the Minister of Finance from 1984 to 1991. In May 2023, he was investigated for corruption of RM2.3 billion by the Malaysian authorities related to the expose from the Pandora Papers. which led to some bank accounts and assets controlled by him or his family to be seized or frozen.

<span class="mw-page-title-main">Lim Guan Eng</span> Malaysian politician

Lim Guan Eng is a Malaysian politician and accountant from the Democratic Action Party (DAP), a component party of the Pakatan Harapan (PH) coalition who has served as Member of Parliament (MP) for Bagan, Member of the Penang State Legislative Assembly (MLA) for Air Putih since March 2008 and 5th National Chairman of DAP since March 2022. He served as the Minister of Finance in the PH administration under former Prime Minister Mahathir Mohamad from May 2018 to the collapse of the PH administration in February 2020, 4th Chief Minister of Penang from March 2008 to May 2018, MP for Kota Melaka from August 1986 to November 1999 and 4th Secretary-General of DAP from September 2004 to March 2022.

The Cabinet of Malaysia is the executive branch of the Government of Malaysia. Led by the Prime Minister, the cabinet is a council of ministers who are accountable collectively to the Parliament. According to the Article 43 of the Federal Constitution, members of the Cabinet can only be selected from members of either houses of Parliament. Formally, the Yang di-Pertuan Agong appoints all Ministers on the advice of the Prime Minister. The constitution is amended by repealing the Clause (8) of Article 43, enabling a person who is a member of State Legislative Assembly to continue to serve even while serving as a minister or deputy minister in the cabinet. Ministers other than the Prime Minister shall hold office during the pleasure of the Yang di-Pertuan Agong, unless the appointment of any Minister shall have been revoked by the Yang di-Pertuan Agong on the advice of the Prime Minister but any Minister may resign from office. In practice, the Yang di-Pertuan Agong is obliged to follow the advice of the Prime Minister on the appointment and dismissal of ministers.

<span class="mw-page-title-main">Singapore in Malaysia</span> 1963–1965 Singaporean statehood in Malaysia

Singapore, officially the State of Singapore, was one of the 14 states of Malaysia from 1963 to 1965. Malaysia was formed on 16 September 1963 by the merger of the Federation of Malaya with the former British colonies of North Borneo, Sarawak and Singapore. This marked the end of the 144-year British rule in Singapore which began with the founding of modern Singapore by Sir Stamford Raffles in 1819. At the time of merger, it was the smallest state in the country by land area, but the largest by population.

<span class="mw-page-title-main">Government of Malaysia</span> Federal government of Malaysia

The Government of Malaysia, officially the Federal Government of Malaysia, is based in the Federal Territory of Putrajaya, with the exception of the legislative branch, which is located in Kuala Lumpur. Malaysia is a federation comprising the 11 States of Malaya, the Borneo States of Sabah and Sarawak, and 3 Federal Territories operating within a constitutional monarchy under the Westminster system and is categorised as a representative democracy. The federal government of Malaysia adheres to and is created by the Federal Constitution of Malaysia, the supreme law of the land.

<span class="mw-page-title-main">Anwar Ibrahim</span> Prime Minister of Malaysia since 2022

Anwar bin Ibrahim is a Malaysian politician who has served as the tenth Prime Minister of Malaysia since 2022. He served as the 12th and 16th Leader of the Opposition from 2008 to 2015 and again from 2020 to 2022. He has been the chairman of the Pakatan Harapan (PH) coalition since 2020, the second President of the People's Justice Party (PKR) since 2018 and the Member of Parliament (MP) for Tambun since November 2022. He also served as Deputy Prime Minister and in many other Cabinet positions in the Barisan Nasional (BN) administration under former Prime Minister Mahathir Mohamad from 1982 to his removal in 1998.

<span class="mw-page-title-main">Ahmad Husni Hanadzlah</span> Former Second Minister of Finance Malaysia

Ahmad Husni bin Mohamad Hanadzlah is a former Second Minister of Finance of Malaysia. He was appointed on 10 April 2009 when Najib Razak became Prime Minister. He was also the Member of Parliament for Tambun for five terms from April 1995 to May 2018. He is a member of the United Malays National Organisation (UMNO), a major component party in the Barisan Nasional (BN) coalition.

<span class="mw-page-title-main">Ahmad Maslan</span> Malaysian politician

Datuk Seri Haji Ahmad bin Maslan is a Malaysian politician who has served as the Deputy Minister of Works under Minister Alexander Nanta Linggi since December 2023 and previously served as the Deputy Minister of Finance I from December 2022 to December 2023 in the Unity Government administration under Prime Minister Anwar Ibrahim. He has served as the Member of Parliament (MP) for Pontian since March 2008. He also had served as the Deputy Minister of International Trade and Industry, Deputy Minister of Finance and Deputy Minister in the Prime Minister's Department in the Barisan Nasional (BN) administration under former Prime Minister Najib Razak and former Ministers Nor Mohamed Yakcop, Najib Razak, Ahmad Husni Hanadzlah, Mustapa Mohamed and Ong Ka Chuan from April 2009 to the collapse of the BN administration in May 2018. He is a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. He has also served as State Deputy Chairman of UMNO of Johor and Division Chief of UMNO of Pontian since March 2023. He also served as the Secretary-General of UMNO from March 2020 to March 2023 and also of BN from January 2021 to June 2021 as well as Division Deputy Chief of UMNO of Pontian from 2008 to his promotion to the division chief in March 2023.

<span class="mw-page-title-main">Prime Minister's Department (Malaysia)</span> Government ministry in Malaysia

The Prime Minister's Department is a federal government ministry in Malaysia. Its objective is "determining the services of all divisions are implemented according to policy, legislation / regulations and current guidelines". It is headed by the Prime Minister of Malaysia followed by other Minister in the Prime Minister's Department. The Department consists of the Prime Minister's Office, the Deputy Prime Minister's Office and more than 50 other government agencies and entities. The Prime Minister's Department was established on July 1957. Its headquarters are in Perdana Putra, Putrajaya.

<span class="mw-page-title-main">Ministry of Finance (Malaysia)</span> National ministry of finance

The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.

<span class="mw-page-title-main">Ministry of Transport (Malaysia)</span>

The Ministry of Transport, abbreviated MOT, is a ministry of the Government of Malaysia that is responsible for transport: road transport, civil aviation, road safety, port authority, maritime, air accident investigation, logistic and maritime safety. The ministry is headquartered in Putrajaya.

<span class="mw-page-title-main">Ministry of Works (Malaysia)</span>

The Ministry of Works, abbreviated KKR, is a ministry of the Government of Malaysia that is responsible for public works, highway authority, construction industry, engineers, architects and quantity surveyors.

<span class="mw-page-title-main">Ministry of Housing and Local Government (Malaysia)</span> Malaysian government department

The Ministry of Housing and Local Government, abbreviated KPKT, is a ministry of the Government of Malaysia that is responsible for urban well-being, housing, local government, town planning, country planning, fire and rescue authority, landscape, solid waste management, strata management, moneylenders, pawnbrokers.

The Research Division of the Prime Minister's Department (Malay: Bahagian Penyelidikan Jabatan Perdana Menteri) is an agency within the Malaysian Prime Minister's Department. According to a leaked US diplomatic cable dating back to 2006, the Research Division is actually the public name for the Malaysian External Intelligence Organisation (MEIO), the country's main foreign intelligence agency.

<span class="mw-page-title-main">Johari Abdul Ghani</span> Malaysian politician and chartered accountant

Johari bin Abdul Ghani or more commonly known as Dato' Jo is a Malaysian politician and chartered accountant who has served as Minister of Plantation and Commodities in the Unity Government administration under Prime Minister Anwar Ibrahim since December 2023, Chairman of the Asset Recovery Task Force on the 1Malaysia Development Berhad scandal since March 2023 and the Member of Parliament (MP) for Titiwangsa from May 2013 to May 2018 and again since November 2022. He served as the Minister of Finance II in the Barisan Nasional (BN) administration under former Prime Minister Najib Razak from June 2016 to the collapse of the BN administration in May 2018, Deputy Minister of Finance in the BN administration under former Prime Minister and Minister Najib and former Minister II Ahmad Husni Hanadzlah from July 2015 to his promotion to Minister II in June 2016 as well as Chairman of the UDA Holdings Berhad from July 2013 to his resignation in July 2015. He is a member of the United Malays National Organisation (UMNO), a component party of the BN coalition. He has served as the Treasurer General of BN since April 2023 and Vice President of UMNO since March 2023. He is also presently the only BN MP in Klang Valley.

<span class="mw-page-title-main">Ministry of Agriculture and Food Security (Malaysia)</span> Ministry in Malaysia

The Ministry of Agriculture and Food Security, abbreviated MAFS, is a ministry of the Government of Malaysia that is responsible for agriculture, agro-based industry, agritourism, livestock, veterinary services, fisheries, quarantine, inspection, agricultural research, agricultural development, agricultural marketing, pineapple industry, agribusiness, botanical garden, food security, food sovereignty.

References