Koperasi Bank Persatuan Malaysia Berhad, also known as Bank Persatuan Malaysia Berhad, is a co-operative bank governed by Suruhanjaya Koperasi Malaysia under the Ministry of Domestic Trade, Co-operatives and Consumerism.
Bank Persatuan is now in the process to become the second co-operative bank in Malaysia after Bank Kerjasama Rakyat Berhad. As we all are aware, Bank Rakyat is very generous with its dividends to the members. Since the last 10 years, the dividend paid to the members are not less than 15%. But it is not open for membership anymore for the last five years.
Bank Persatuan on the other hand, paid an average of 10% dividend since the last 6 years to its members. I believe that it is a good return on investment compared to ASB (around 8%) and Fixed Deposit (around 3-4%). The membership is open for public from as little as RM 500 up to RM 10,000. For co-operatives, the limit is RM 50,000.
Since this bank is a 100% Syariah compliance, I don’t see any reason for any of us not to invest with this bank. Banking business is a very good business to invest in, and the returns are unmatchable. So, what are we waiting for? Click here to download the application form and submit it to the nearest branch around you.