ABOUT BANK RAKYAT

Established in 1954, Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) is currently the largest Islamic cooperative bank in Malaysia with total assets amounting RM61.91 billion for financial year ended 31 December 2010.

In 2003, the Board of Directors undertook a historic decision to announce the replacement of Bank Rakyat's Conventional Banking System to a system based fully on Syariah principles. Now all Bank Rakyat branches offer Syariah based banking products to the public.

Bank Rakyat had consecutively recorded rising profits before tax and zakat since then, the highest being RM1.72 billion for financial year ended 31 December 2010.

The various awards and accolades achieved in the past year, whether in Malaysia or the International arena are testaments to the Bank's excellence and eminences.

Bank Rakyat is expanding its product and customer facilities continuously to provide greater diversity to its customers.

A wide range of banking products and services are being offered which includes consumer financing, commercial financing and deposits as well as investment products to cater for various segments of market. Successful introduction of quality, diversified and innovative product meeting the needs of a wide spectrum of customers, enhanced and efficient delivery channels as well as friendly corporate image disposition have placed Bank Rakyat on the right footing to become Your Choice Bank.

An entity under the purview of the Ministry of Domestic Trade, Cooperative and Consumerism, Bank Rakyat is committed to support the Ministry's mission to strengthen the cooperative sector as the nation's economic growth thrust.

To date, Bank Rakyat has 130 branches with more than 400 automated teller machines (ATMs) and cash deposit machines (CDMs) as well as 23 Ar-Rahnu X'change nationwide. Bank Rakyat also operates a call centre, tele-Rakyat: 1-300-88-1BANK (12265) and irakyat.com.my internet banking. This is Bank Rakyat's official website. Please visit us at Facebook, Bank Rakyat, Bank Pilihan Anda.

PRODUCT BANK RAKYAT

1Aslah Personal Financing-i Tawfir Savings Account-i

AnNaqlu Hire Purchase-i Bank Rakyat Service Agent

Ar-Rahnu Pawn Broking-i CO-OP Card

Qiradh General Investment Account-i   

CORPORATE PROFILE

VisionBank Rakyat is its members’ Choice Bank for all its product and service offerings are the best compared with those provided by other competing financial institutions. Since membership in Bank Rakyat is very significant, there is no reason for them to look at others.

This vision generates the tagline: “Bank Rakyat Your Choice Bank”

Mission To help improve the economic well-being of members by providing financing facilities at an affordable rate for agriculture, production, marketing, fishing, transportation, housing and business activities deemed beneficial to members and to also promote thrift and savings. (By Law Article 5(i))

Objective To ensure a satisfactory profit towards meeting dividend payments to its members while charging reasonable profit rates that is not a burden to its members.

FunctionThe main function of Bank Rakyat is to provide financing and accept deposits as well as producing satisfactory dividend returns for betterment of its members.

Strategy MarketTo widen and penetrate the market through effective marketing efforts.

ProductDetermination of a unique product and its simple and timely delivery.

CustomersProviding valuable offerings through a service that is sensitive to its customers needs.

Social ResponsibilitiesIncreasing contribution towards social development and members needs.

Product RangeExploring business opportunities apart from consumer banking.

 

BOARD OF DIRECTORSCHAIRMAN

Tan Sri Dato' Dr. Syed Jalaludin Syed SalimPh.D University of London

 MANAGING DIRECTOR 

 

Datuk Kamaruzaman Che Mat Fellow Chartered Association of Certified Accountants, UK (FCCA) 

Member of Malaysian Institute of Accountants (MIA) 

MEMBERS 

   

Dato' Dr. Syed Hussain Syed Husman

Ph.D Labour Relations (UK)MBA (USA)

Dato' Daud Tahir

B.Sc (Agribusiness) Universiti Pertanian Malaysia

MBA (University of Dubuque, USA) 

   

Dato’ Mohd. Aini Haji Taib

Masters in Development Administration (University of Western Michigan, USA) 

BA (Hons) Economics

Haji Amirul Rahman Abdul Rahim

Advocate & Solicitor, High Court of MalayaLLB (Hons) UiTM

Ijazah Undang-Undang UiTMDiploma Pentadbiran Awam UiTM

   

 

Dato' Abdul Mutalib Alias

MBA., Governors State University, USABachelor of Science in Accounting, Northern

Illinois University, USA

Dato' Mangsor Saad

MBA, UKMBachelor of Economics (Hons), Universiti

Malaya 

  

SECRETARY

 

Hj. Mustafha Hj. Abd. Razak

Assistant General Manager, Finance / Bank Secretary 

Certified Practising Accountant (Australia) Bachelor Of Commerce Majoring In Accountancy (University Of Wollongong, Australia) 

Chartered Accountant (Malaysia)

 

 

AUDIT & EXAMINATION COMMITTEE

CHAIRMAN

Dato' Mohd. Aini Haji Taib

MEMBERS

Dato' Daud Tahir Dato' Dr. Syed Hussain Haji Amirul Rahman Abdul Rahim

Dato' Mangsor Saad

 

SECRETARY

Rosli RasulChief Internal Auditor

 

SYARIAH COMMITTEE 

CHAIRMAN

Dato' Setia Hj. Mohd Tamyes Abd Wahid

BA Syariah University Al-Azhar 

MEMBERS 

Datuk Abu Hasan Lebai Din Al-Hafiz

BA Usuluddin University Al-Azhar

Prof. Dato Dr. Mohd Azmi Omar

PHD (Finance), University of Wales, Bangor, United Kingdoms

   

Dr. Siti Salwani Razali

PhD in Business Law, University Putra Malaysia

Ustaz Md. Yunus Abdul Aziz

   

Ustaz Wan Rumaizi Wan Husin  

SECRETARY

Haji Mohd Zaki Ibrahim

BA Syariah Universiti Malaya & University of Kuwait

MANAGEMENT COMMITTEE

Datuk Kamaruzaman Che MatManaging Director

 

Yusof Abdul RahmanSenior General Manger,

Corporate Services   

Rahim YunusGeneral Manager,

Information Technology & Customer Facilities

Hj. Mustafha Hj. Abd. Razak Assistant General Manager,

Finance/Bank Secretary   

 Rosli Rasul

Chief Internal AuditorBaharom Embi

Assistant General Manager,Branch Operations

   

Mahmud Muhayyidin Mohamed NawiAssistant General Manager,

Human Resources

Ahmad Suhaimee Mohammed YassinAssistant General Manager,

Consumer Banking   

Zul Hisham Mohd YusoffAssistant General Manger,

Services & Subsidiaries

Zulkarnain TamanAssistant General Manager,

Risk Management   

Roslan HussinAssistant General Manager,

Commercial Banking

 

 

Nor Haimee ZakariaHead, Accounts & Information/Secretary

 

HISTORY

Bank Rakyat's 1st corporate logo

Tan Sri Sheikh Ahmad Mohd. Hashim, Bank Rakyat's 1'st Chairman

Bank Rakyat was established in September 1954 under the Cooperative Ordinance 1948, following an expansion of the cooperative movement in Peninsular Malaysia.

To facilitate the expansion of the cooperative movement, the co-operatives set up their respective union banks provide financial needs to their members.

On 28 September 1954, 11 of these union banks decided to merge and form Bank Agong (Apex Bank)

In 1967, Bank Kerjasama Malaysia Berhad replaced Bank Agong with its membership opened not only to the cooperatives, but also to individuals. Subsequent changes in the by-laws also resulted in the creation of its subsidiary companies and opening of branches to serve customers as well as members.

On 6 January 1973, the name was changed to Bank Kerjsama Rakyat Malaysia Berhad or better known as Bank Rakyat.

Bank Rakyat is governed by its by laws and Bank Kerjasama Rakyat (M) Berhad Act 1978 (Special Provision 202), which allows Bank Rakyat to provide financing to non-members.

In 1989, Bank Rakyat was placed under the Ministry of Land and Co-operative Development and the Ministry of Finance.

The official opening of our Melaka Branch

In 1993, the Cooperative Act was reviewed which allows the Bank to operate in Sabah and Sarawak.

On 8 May 1993, Bank Rakyat took a giant step towards becoming a syariah co-operative bank by introducing Islamic banking products at four of its branches.

Bank Rakyat became a full-fledged Islamic cooperative bank in 2002. Hence, with this major decision, Bank Rakyat marked another milestone in history where it became the third bank to offer total Islamic banking products in Malaysia.

On 15 February 2002, Bank Rakyat together with six other financial and development institutions were placed directly under the supervision of Bank Negara Malaysia (Central Bank of Malaysia) under the Development of Financial Institution Act (DFIA).

On 27 March 2004, Bank Rakyat was placed under the supervision of the Ministry of Entrepreneur and Cooperative Development.

On 15 April 2009, after the cabinet restructuring, Bank Rakyat was absorbed under the Ministry of Finance and was later placed under the Ministry of Domestic Trade, Co-operatives and Consumerism.

To date, Bank Rakyat has a total of 130 branches offering Islamic banking facilities to its customers.

Awards and Honours

 The Most Outstanding Islamic Retail BankingBank Rakyat received the Most Outstanding Islamic Retail Banking award in conjuction with the 4th Kuala Lumpur Islamic Finance Forum 2007 (KLIFF 2007). The award was given in recognition of the Bank's excellent performance in consumer banking.

     Outstanding Performance AwardBank Rakyat's role as a full-edged Islamic banking institution since 2003 was recognised when it was bestowed with the 'Anugerah Prestasi Cemerlang 2005' award in conjunction with the Islamic Banking and Takaful Week, held at Pusat Dagangan Dunia Putra (PWTC). The award which was introduced by The Association of Islamic Banking Institutions Malaysia (AIBIM) is given to an Islamic .Financial and banking institution as a recognition for an outstanding performance.

     Winner of 'Hari Q' Best CounterBank Rakyat won the Best Counter award in conjunction with the Ministry of Entrepreneur and Cooperative Development (MECD) 'Hari Q' 2005 celebration. The counters were evaluated based on decorations, cleanliness, information and facilities provided. A certificate of appreciation was presented by the Minister of Entrepreneur and Cooperative Development to Bank Rakyat during the MECD's 'Hari Q' gathering on 28 November 2005.

    

 Highest Contribution to The Cooperative Education Trust Fund 2004Bank Rakyat won the award from Maktab Kerjasama Malaysia for highest contribution to the Cooperative Education Trust Fund for year 2004. The award is given in recognition of cooperatives in Malaysia which are significant contributors to the fund. Financial contributions from cooperatives towards this fund are utilised, for the financing of cooperative educational development and research on the cooperative movement, among other purposes.

     Prime Minister's Quality Award 2004 (Socio-Economic Sector)Bank Rakyat's outstanding performance once again received the government's recognition when the Bank was announced winner of the Prime Minister's Quality Award 2004, Socio-Economic Sector. The award came with a cash prize of RM30000.00 as well as the authorisation to use the "Q" symbol on all printed materials and official publications of the Bank for a period of three years. The Prime Minister's Quality Award was introduced by the government in 1990. It represents the highest national recognition and acknowledgement accorded to organisations achieving the most outstanding level of quality management.

     National Cooperative Award 2004The extensive role and contribution of Bank Rakyat within the cooperative movement in Malaysia was recognised with the Bank receiving the National Cooperative Award in conjunction with the 2004 National Cooperative Day celebrations, held at the Putrajaya Convention Centre. Its success in winning the award is further evidence of the Bank's impressive performance for the year and its ability to contribute to society as well as to pla

About Bank Rakyat » Career

 

 

 

A career with Bank Rakyat not only allows a candidate the opportunity to be exposed to the banking industry but also to work with an organisation that is totally committed in developing the country's Islamic Banking industry, as one of the most advanced Islamic Banking System in the world.

As Bank Rakyat continues to grow at a rapid pace, we thrive to have a professional and talented team. When it comes to building your career, Bank Rakyat offers excellent career path and opportunities as well as attractive remuneration packages.

Job Vacancies

No vacancy at this momentApplication Procedure

Please submit your application through our online appilcation e-Recruitment form

Note:

Please use IE version 7.0 and above to use the e-Recruitment form. Only candidates who are short listed will be notified. 

YAYASAN BANK RAKYAT

Cadangan untuk mendirikan Yayasan Bank Rakyat yang bertujuan untuk mencapai Dana Pendidikan dibentangkan pada awal tahun 2005, sebelum diluluskan oleh Bank Negara Malaysia pada Ogos 2006 dan didaftarkan pada Mei 2007. Sebelum mula beroperasi pada bulan Oktober 2008, Yayasan Bank Rakyat secara rasmi dilancarkan oleh YB Dato 'Noh Omar, Menteri Koperasi dan Pembangunan Usahawan pada bulan April 2008.

Yayasan Bank Rakyat mendapat dana melalui sumbangan RM10 daripada setiap anggota Bank yang menerima dividen setiap tahun. Seiring dengan aspirasi anggota Bank yang sentiasa bersedia untuk berkongsi dividen yang diperolehi daripada pelaburan di Bank Rakyat, adalah menjadi hasrat Yayasan Bank Rakyat untuk menjaga dan menguruskan biasiswa dan pembiayaan untuk rakyat Malaysia yang miskin, tanpa memandang agama, bangsa dan latar belakang selagi mereka memenuhi syarat untuk mengikuti pengajian di Institusi Pengajian Tinggi (IPT) sama ada Awam(IPTA) atau Swasta(IPTS) dan Institut Latihan Awam/Swasta. Selain daripada itu, Yayasan Bank Rakyat juga memberikan bantuan kepada golongan kurang upaya dan mereka yang lumpuh kewangan di samping memberikan sumbangan amal untuk individu dan organisasi yang memerlukan bantuan.

Yayasan Bank Rakyat diketuai oleh En Khalid Nordin, Pengurus Besar dan dikendalikan oleh pengurusan yang berasingan di bawah pengawasan Lembaga Pemegang Amanah yang diketuai oleh Pengerusi Bank Rakyat, Tan Sri Dato' Dr Syed Jalaludin Syed Salim dan 6 pengarah. Salah satunya adalah Datuk Kamaruzaman Che Mat, Pengarah Urusan Bank Rakyat. Antara Ahli Lembaga yang lain ialah YBhg. Dato' Dr. Syed Hussain Syed Husman, YBhg. Dato' Mohd Aini Haji Taib, YBhg. Datuk Dr. Syed Othman Syed Hussin Alhabshi, YBhg. Let. Jen (B) Dato' Seri Mohamad Daud Abu Bakar, YBhg. Puan Sri Datin Dr. Rohana Zubir dan juga Tuan Haji Wan Ahmad Nasir Haji Wan Hassan, manakala setiausaha pula adalah Encik Abdul Lidzam Muhammad Alias.

Di bawah bantuan pembiayaan pendidikan, Yayasan Bank Rakyat menawarkan Biasiswa dan Pinjaman Pendidikan Boleh Ubah untuk pengajian akademik di peringkat Ijazah Kedoktoran, Ijazah Sarjana, Ijazah Sarjana Muda, Professional, Diploma dan Sijil Kemahiran Kelas Pertama. Pelajar IPT/IPTS/IPTA yang berada di tahun satu dan memenuhi syarat adalah layak untuk memohon tajaan Biasiswa atau Pinjaman Pendidikan Boleh Ubah dari Yayasan Bank Rakyat. Selain itu, Yayasan Bank Rakyat juga menguruskan pelbagai kegiatan yang berkaitan dengan pendidikan, antaranya adalah pembangunan pendidikan yang merangkumi Seminar Didik Rakyat yang dahulu dikenali sebagai Seminar Skor A, Program Motivasi Pelajar Cemerlang Tingkatan 4, Bengkel Resume & Kerjaya, Program Kesihatan Remaja dan Sumbangan Komputer kepada mangsa banjir serta Program Modal Insan. Program Modal Insan ini adalah wajib bagi semua pelajar tajaan kerana ia merupakan pra syarat bagi mendapatkan tajaan dari pihak Yayasan Bank Rakyat.

Sila layari www.yayasanbankrakyat.com.my untuk maklumat lanjut.