Bank Rakyat
in Malaysia 🇲🇾
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About Bank Rakyat in Malaysia
Bank Rakyat (formally known as Bank Kerjasama Rakyat Malaysia Berhad) is Malaysia's largest Islamic cooperative bank and a Development Financial Institution (DFI). With total assets exceeding RM117.33 billion as of 2023, the bank serves both individual customers and cooperatives across Malaysia.
As a full-fledged Shariah-compliant financial institution, Bank Rakyat operates under the supervision of the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and is regulated by Bank Negara Malaysia under the Development Financial Institutions Act (DFIA 2002).
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