This article needs additional citations for verification. (February 2021) |
Amanah Raya Berhad is a Malaysian trustee company, wholly owned by the Government of Malaysia.[1]
 | |
| Formerly | Department of Public Trustee and Official Administrator |
|---|---|
| Company type | State-owned enterprise |
| Founded | 1 May 1921 |
| Headquarters | Level 34, Vista Tower, The Intermark, 348, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia |
| Parent | Minister of Finance Incorporated |
| Subsidiaries | List of subsidiaries |
| Website | www.amanahraya.my |
History
editThis section needs expansion. You can help by adding to it. (February 2022) |
Established in 1921 as the Department of Public Trustee and Official Administrator, the company was corporatized in 1995. As of 2023, it is a trustee company, wholly owned by the Government of Malaysia, under the purview of the Ministry of Finance (Malaysia).
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
editCapital markets
edit- AmanahRaya Investment Management Sdn Bhd (formerly known as AmanahRaya - JMF Asset Management Sdn Bhd)
- Amanah Raya Capital Sdn Bhd
- AmanahRaya Investment Bank Ltd
- AmanahRaya - REIT Managers Sdn Bhd
Property management
edit- AmanahRaya Hartanah Sdn Bhd
- AmanahRaya Development Sdn Bhd
Trust management
edit- AmanahRaya Trustees Berhad
- Amanah Raya (Labuan) Limited
Strategic partnerships
edit- Bank Islam Malaysia Berhad
- Malaysia Building Society Berhad
- Bank Persatuan Malaysia Berhad
- SME Bank Berhad
- Kuwait Finance House
- Bank Simpanan Nasional
- Affin Islamic Bank Berhad
- AgroBank Berhad
- Bank Muamalat Malaysia Berhad
- Hong Leong Islamic Bank Berhad
- Bank Kerjasama Rakyat Malaysia Berhad
- Asian Finance Bank Berhad
- Al Rajhi Banking & Investment Corporation (M) Berhad
- Koperasi Pegawai-Pegawai Melayu Malaysia
- OCBC Al-Amin Bank Berhad
- Hong Leong Bank Berhad
References
edit- ^ a b 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.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "PAC MEETING". Official Portal of The Parliament of Malaysia. Archived from the original on 1 October 2023.
Mesyuarat Pembentangan Maklumbalas Laporan Tindakan Susulan Kementerian Kewangan Malaysia dan Amanah Raya Berhad Terhadap Syor-syor Laporan PAC Parlimen (DR.4/2021) berhubung Amanah Raya Berhad
External links
edit- https://www.amanahraya.my/
- Company Overview of Amanah Raya Berhad, bloomberg.com