Amanah Raya Berhad
![]() | |
Formerly | Department of Public Trustee and Official Administrator |
---|---|
Company type | State-owned enterprise |
Founded | 1 May 1921 |
Headquarters | Amanah Raya Berhad Headquarters Level 34, Vista Tower, The Intermark, 348, Jalan Tun Razak 50400 Kuala Lumpur |
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]
History
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
- 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
- AmanahRaya Hartanah Sdn Bhd
- AmanahRaya Development Sdn Bhd
Trust management
- AmanahRaya Trustees Berhad
- Amanah Raya (Labuan) Limited
Strategic partnerships
- 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
- ^ 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) - ^ "Official Portal of the Parliament of Malaysia - PAC MEETING".
External links
- https://www.amanahraya.my/
- Company Overview of Amanah Raya Berhad, bloomberg.com