Bank Rakyat: Leading the Way in Islamic Banking

Established on 28 September 1954 under the Cooperation Companies Ordinance 1948, Bank Rakyat has grown to become the largest Islamic cooperative bank in Malaysia, with assets totaling RM109.62 billion as of December 2019.

Since its transformation from the conventional banking system to the Shariah banking system in 2002, Bank Rakyat has consistently achieved encouraging profits. For the financial year ended December 2019, the bank reported a profit before tax and zakat amounting to RM1.79 billion.

Bank Rakyat continues to innovate with diverse customer products and facilities, covering consumer banking, commercial financing, savings and investment, and financial planning products to cater to the needs of today’s diverse spectrum of customers. The bank also expands and enhances efficient delivery channels to maintain a customer-centric approach.

The bank prides itself on maintaining a friendly corporate image and positioning itself on a strong foundation as “Your Bank of Choice.” Bank Rakyat has received numerous awards and recognitions within the industry both in Malaysia and internationally.

Key Awards and Recognitions:

1. Sustainability & CSR Malaysia Award 2020 – Company of the Year Award: Overall Excellence in Sustainability & CSR Initiatives.
2. The Most Sustainable Islamic Bank 2020 – 10th Global Islamic Finance Awards (GIFA) 2020.
3. Best Use of Recruitment Technology Tools – Human Resources Asia Recruitment Awards 2020 (Gold).
4. Social Empowerment category at the Asia Responsible Enterprise Awards 2020 (AREA 2020).
5. Best Candidate Assessment Process – Human Resources Asia Recruitment Awards 2020 (Silver).