Bank Rakyat was established on 28 September 1954 under the Cooperative Ordinance 1948 (known as the Cooperative Societies Act 1993) and today, Bank Rakyat is the biggest Islamic cooperative bank in Malaysia.
We continue to expand our product range and customer facilities which are varied and innovative. The products and facilities includes consumer banking, commercial financing, savings and investments as well as products of financial planning to satisfy the many demands of a wide spectrum of modern day customers. Efficient delivery channels continue to be expanded and improved. To date, we have 147 branches with more than 960 automated teller machines (ATMs) and cash deposit machines (CDMs) and 95 Ar-Rahnu X’Change nationwide. We continue to maintain a friendly corporate image in line with our vision of becoming Your Choice Bank.
As an industry player, we have received various recognitions including as an outstanding cooperative organization both locally and internationally. Bank Rakyat was awarded as ‘Best Companies To Work For in Asia’ in 2016 and 2017 by HR Asia. As an entity under the Ministry of Domestic Trade, Cooperatives and Consumerism, we are committed to support the mission of the Ministry to consolidate the cooperative sector as the mainstay of economic growth of the nation.
Behind every great company is the product of worthwhile talent, but it takes a team with many different talents to drive our operational excellence and continuous innovations. That is why getting the right people is essential to our success. Hence, we welcome the new generation to join us in our journey of upholding the values and continuous innovations via - The Islamic Banker.