Business

Amanah Ikhtiar Malaysia refutes talk of going private

Organisation, has, however received proposals from private firms to collaborate on setting up digital bank under BNM initiative

Updated 5 years ago · Published on 02 Mar 2021 8:05PM

Amanah Ikhtiar Malaysia refutes talk of going private
AIM provides micro-credit loans to women from the B40 group to start small-scale businesses. – The Vibes file pic, March 2, 2021

KUALA LUMPUR – Amanah Ikhtiar Malaysia (AIM) has denied speculation that it will be privatised.

“However, AIM has received several proposals from private companies to collaborate on setting up a digital bank under the initiative of Bank Negara Malaysia,” said executive chairman Datuk Seri Lajim Ukin in a statement.

“AIM is also working to expand its role to become a digital bank without compromising the micro-credit loan scheme specifically for AIM borrowers.”

He said the organisation’s main focus this year is to empower members through micro-credit loans.

It also seeks to help members with digital marketing, in view of the challenges posed by the Covid-19 pandemic.

“AIM is also committed to helping members affected by disasters, by channelling aid-appropriate assistance.”

The organisation was established on September 17, 1987 through a trust deed of agreement, and registered under the Trustees (Incorporation) Act 1952 with the aim of providing micro-credit loans to women from the B40 group to start small-scale businesses.

To date, AIM has benefited 920,000 borrowers nationwide. – Bernama, March 2, 2021

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