Amanah Iktiar denies speculation of privatisation

However, AIM has received several proposals from private companies to collaborate in se ing up a digital bank under the initiative of Bank Negara Malaysia. MIDF Research

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

Executive chairman Datuk Seri Lajim Ukin said AIM still remains a private trust body with the current roles and functions.

“However, AIM has received several proposals from private companies to collaborate in se ing up a digital bank under the initiative of Bank Negara Malaysia.

“AIM is also working to further expand its role to become a digital bank without compromising the microcredit loan scheme specifically for AIM’s borrowers,” he said in a statement in response to speculation on the ma er recently.

According to Lajim, the main focus of AIM in 2021 is to empower existing members through micro-credit loans.

In addition, it also seeks to help members with digital marketing in line with the challenges due to the COVID19 pandemic.

“AIM is also commi ed to helping members affected by disasters by channeling aid appropriate assistance,” he said.

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

To date, AIM has benefited 920,000 borrowers nationwide.