BANK RAKYAT FOUNDATION
Education Funding and Charity Contribution
Tingkat 17, Bangunan Bank Rakyat, Jalan Tangsi, 50732 Kuala Lumpur
The proposal to set up the Bank Rakyat Foundation which aims to achieve the Education Fund was presented in early 2005, prior to the approval by Bank Negara Malaysia in August 2006 and registered in May 2007. Before commencing operations in October 2008, the Bank Rakyat Foundation was officially launched by YB Dato' Noh Omar, Minister of Entrepreneur and Cooperative Development in April 2008.
The foundation receives funds through the contributions of RM10 from each member receiving yearly dividends. In line with the aspirations of the Bank members who are always ready to share the dividends earned from investments in Bank Rakyat, it is therefore the intention of the foundation to maintain and manage scholarships and financing for underprivileged Malaysian citizens, regardless of religion, race and background as long as they comply with the conditions to study at a Higher Education Institutions (IPT) either Public (IPTA) or Private (IPTS) as well as Public / Private Training Institutions. Apart from that, the foundation also provides financial assistance to the disabled and paralysed groups in addition to providing charitable contributions for individuals or organisations in need.
Under the education funding assistance, the foundation offers scholarships and Variable Education Loan for academic studies at PhD, Masters Degree, Bachelor Degree, Professional, Diploma and Skill Certificate (First Class). First Year IPT / IPTS / IPTA students and those who fulfil the requirements are eligible to apply for the scholarship sponsorships or Variable Education Loans from the foundation. In addition, the foundation also manages various activities related to education, among others are the education development which includes the Didik Rakyat Seminar (Educate the People) which was formerly known as Score A Seminar, Form 4 Excellent Students Motivation Programme, Resume & Career Workshop, Youth Health Programme and Computer Donations to flood victims as well as Human Capital Programme. The Human Capital Programme is compulsory for all sponsored students as it is a prerequisite in obtaining sponsorship from the foundation.
Please visit www.yayasanbankrakyat.com.my for further information.