Company Information

Get to know Bank Rakyat

Established in 1954, Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) is the largest Islamic cooperative bank in Malaysia. It operates under the Bank Kerjasama Rakyat Malaysia Berhad Act 1978 and is regulated by Bank Negara Malaysia. The bank transformed its operations to be fully based on the Shariah system in 2002. Its mission is to assist in improving the economic well-being of its members by providing financing and encouraging investment, while its vision is to become the Number 1 Progressive Islamic Cooperative Bank in Malaysia.

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Financial BankingPRIMARY
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Bank Rakyat

Malaysia

Founded in

1954 (72 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.