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Amanah Raya Berhad
FormerlyDepartment of Public Trustee and Official Administrator
Company typeState-owned enterprise
Founded1 May 1921
HeadquartersWisma AmanahRaya, No 2, Jalan Ampang, 50508 Kuala Lumpur, Malaysia
ParentMinister of Finance Incorporated
SubsidiariesList of subsidiaries
Websitewww.amanahraya.my

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

History

This 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

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

References

  1. ^ 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)
  2. ^ "Official Portal of the Parliament of Malaysia - PAC MEETING".

External links

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