WHO'S THE MOST CHARITABLE?

How Malayan Banking Berhad Gives Back To Society?

Malayan Banking Berhad

Established in 1960, Maybank is the largest financial services group in Malaysia with an established presence in the ASEAN region. With over 43,000 Maybankers who serve their mission, empowered by their core values, TIGER (Teamwork, Integrity, Growth, Excellence & Efficiency and Relationship Building). Maybank’s refined strategy, M25+, reinforces their focus across five strategic thrusts to drive sustainable long-term growth anchored on a deeper purpose.

Fiscal Year-End: 31 December 2024

Industry: Financial Services

Net Profit: RM10.09 billion

The net profit of Malayan Banking Berhad increased in FY2024 to RM10.09 billion from RM9.34 billion during the previous financial year.

Profit Growth (YoY): 7.92%

The year on year net profit growth at Malayan Banking Berhad is at 7.92%

Dividend Payout: RM7.36 billion

The Group declared a higher dividend payout ratio for FY2024 at 73.0% which amounts to RM7.36 billion.

Zakat Fund: N/A

Malayan Banking Berhad contributed a total of RM51.2 million in Zakat during FY2024.

Cash Giving: RM48.74 million

Total cash contributions made by Maybank during FY2024, was RM48.74 million. This contribution was made through community investment.

In-kind Giving: N/D

Total in-kind contributions are not defined due to incomplete data. However, contributions are still accounted for under the RM48.74 million contribution made through community investment.

Employee Volunteer Hours: 118,818 hours

The total employee volunteer hours reported by Malayan Banking Berhad is 118,818 hours which is a significant increase from last financial year’s reported 227,102 volunteer hours.

Malayan Banking Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.	Contribution	Cash Giving	In-kind Giving	Employee Volunteer Hours	Beneficiaries
2	ASEAN-Maybank Scholarship	RM1.46M	N/A	N/A	15 scholars	The ASEAN Maybank Scholarship (AMS) awards full scholarships to talented and deserving ASEAN nationals, enabling them to pursue undergraduate studies at leading universities across the region, outside their home countries. Established during the 54th ASEAN Day Celebration in 2021, AMS advances the vision of strengthening intra-ASEAN integration through education. To date, 15 scholars from seven ASEAN countries have been supported, with RM1.46 million disbursed in 2024 and RM2.44 million since 2022.
4	Cashville Kidz	RM2.66M	N/A	N/A	40,088 students impacted 106 schools	Cashville Kidz is an engaging financial literacy programme designed for children aged 9 to 12. Recognised by Malaysia’s Ministry of Education and endorsed by educational and financial institutions across ASEAN, the initiative enhances its credibility and regional impact. It equips young learners with essential money-management skills, promoting healthy financial habits and empowering them towards long-term financial independence.
10	Does it Make Cents 2.0	N/A	Financial literacy programme	N/A	2000 participants	This financial literacy seminar series, delivered in both physical and virtual formats, aims to empower youth towards financial independence. The programme features interactive sessions covering budgeting, saving, and investment fundamentals. In 2024, more than 2,000 participants attended the full suite of Does It Make Cents 2.0 events.
11	Maybank Women Eco-Weavers	RM2.78M	N/A	N/A	316 weavers 459 farmers	The Maybank Women Eco-Weavers (MWEW) programme preserves ASEAN’s cultural heritage by empowering women from marginalised communities through sustainable livelihoods. By offering technical training in weaving, business development, and sericulture (silk and cotton cultivation), the programme enhances craftsmanship, increases income-generating opportunities, and strengthens market access. Through partnerships with Color Silk (Cambodia), Mulberries (Laos), Sekar Kawung (Indonesia), and Tanoti (Malaysia), MWEW advances gender equality, promotes environmentally responsible weaving techniques, and safeguards traditional practices for future generations. In 2024, the programme trained 316 weavers and supported 459 new farmers, with more than 616,600 mulberry trees and over 19,900 cotton bushes cultivated to date.
13	Reach Independence & Sustainable Entrepreneurship (R.I.S.E.)	RM13.81M	N/A	N/A	7,950 participants trained in 2024 6,170 PWDs 1,780 marginalised individuals	The Reach Independence & Sustainable Entrepreneurship (R.I.S.E.) programme empowers disadvantaged communities, particularly Persons with Disabilities (PwDs), through structured entrepreneurship training, focused coaching, and long-term mentoring. Since 2014, R.I.S.E. has expanded across Malaysia, Indonesia, the Philippines, Laos, Cambodia, and Singapore, enabling participants to start sustainable micro-enterprises and access improved nutrition, education, and healthcare. By equipping individuals with business skills and confidence, the programme drives financial independence and creates positive ripple effects within families and communities.
14	eMpowering Youths Across ASEAN	RM3.98M	N/A	N/A	28,939 beneficiaries in 2024	Rooted in the belief that youth can drive socio-economic transformation, this initiative mobilises young people aged 19 to 35 to lead impactful development projects across ASEAN. Through partnerships with Civil Society Organisations (CSOs) and Social Enterprises (SEs), the programme supports youth-led solutions tailored to local community needs. In 2024, the initiative reached 28,939 beneficiaries and engaged 99 youth leaders working with 10 CSOs/SEs to implement 10 projects across six ASEAN countries.
18	Balai Seni Art Series (BSAS)	N/A	36 exhibitions	N/A	2,305 students, artists and cultural practitioners in 2024.	Established in 1988, Balai Seni has been a central platform for nurturing artistic talent and promoting cultural exchange in Malaysia and the region. With over 36 thematic exhibitions, it has evolved into a hub for artistic discourse and capacity-building initiatives. Key programmes such as the MyTIGER Values Art Competition & Exhibition (2,186 submissions; RM7,800 income generated), the Cultural Art Showcase & Bazaar (98 artisans empowered; RM142,000 income generated), and the Maybank Foundation Artist Fellowship Programme (23 emerging artists supported) continue to expand its impact. In 2024 alone, Balai Seni engaged 2,305 students, artists, and cultural practitioners, contributing to a cumulative impact of more than 3,116 beneficiaries.
20	Disaster Relief	RM5k	N/A	N/A	70 residents	Maybank Foundation extended emergency assistance to weavers under the Women Eco-Weavers programme following a devastating fire on 6 March 2024 that left 70 residents homeless in a 17-door longhouse in Long Kerangan, Sarawak. A total of RM5,000 was contributed to support affected families as they began rebuilding their lives.
22	Clean Water Initiatives	N/A	Water system	N/A	3,500 people and 800 families	Etiqa’s Clean Water Initiative, in partnership with Islamic Aid Malaysia (IAM) and WaterAid Cambodia, enhances access to clean and safe water for underserved communities in Malaysia and Cambodia. The project involves developing new water catchments, installing piped connections, and integrating advanced membrane filtration systems. In Malaysia, 3,500 people across Sabah, Kedah, and Kelantan benefited from improved water access, while in Cambodia the initiative supported 800 families.
41	iTEKAD Aspirasi Wanita	RM625.5k	N/A	N/A	417 beneficiaries	This digital financial inclusion programme, launched in collaboration with Madcash Sdn Bhd and State Islamic Religious Councils, empowers asnaf women entrepreneurs and gig workers through structured business training, personalised mentorship, and access to seed capital (qardhasan). In 2024, the initiative supported 417 beneficiaries, with RM625,500 disbursed in seed funding to help participants launch or expand their income-generating activities
1	Maybank Group Scholarship Programme	RM9.64M	N/A	N/A	239 scholars ongoing in 2024 2,063 scholars supported since 1972	Our scholarship programme provides comprehensive support, covering full tuition fees, monthly allowances for accommodation and living expenses, a laptop, book subsidies, and insurance protection. Scholars are also offered internship placements within the Maybank Group to strengthen their professional experience. Upon graduation, every scholar is guaranteed permanent employment as part of the scholarship bond, ensuring a smooth transition into the workforce.
3	Cambodia's Maybank Scholarship Programme	N/A	N/A	N/A	6 students since 2022	Recognising the importance of nurturing future leaders, the Maybank Scholarship Programme in Cambodia offers fully funded higher education opportunities to outstanding youth from low-income families. The programme supports students with strong academic performance, demonstrated leadership potential, and active participation in extracurricular activities, ensuring they are equipped to excel academically and professionally.
5	Maths for Rural Kids (MARK)	RM540k	N/A	N/A	63 schools 500 students	The MARK programme addresses the challenges faced by students in underserved rural communities, where limited teaching support, inadequate facilities, and less conducive learning environments often hinder academic performance. Through partnerships with Yayasan Pelajaran MARA and Universiti Teknologi MARA, MARK delivers targeted mathematics tuition in these areas. In 2024, the programme reached 63 schools, benefited 500 students, and expanded into rural communities in Kedah, Johor, and Terengganu while continuing operations in Sabah and Sarawak.
6	Financial Literacy Beyond the Classroom	N/A	Financial literacy programme	N/A	500 students 6 schools	Maybank’s financial literacy study tour to the Preah Srey Içanavarman Museum of Economy and Money (SOSORO) in Cambodia offers students a unique and immersive learning experience. Unlike conventional financial literacy programmes, the tour allows students to explore Cambodia’s economic history and understand the evolution of money in the country’s development. In 2024, a total of 500 students from six primary schools participated.
7	“Negeri Di Awan” Literacy Movement	N/A	Financial literacy programme	N/A	5,792 individuals 289 schools	This initiative in Indonesia aims to enhance reading skills and financial awareness in rural communities through volunteer-driven teacher training and student engagement activities, including the creation of a wall-magazine project. In 2024, the programme benefited 5,792 individuals across 66 public reading parks and 289 schools, supported by 2,632 dedicated volunteers.
8	myImpact Financial Literacy Intellective Progress (FLIP)	N/A	Financial literacy programme	N/A	550 students	The myImpact FLIP programme by Maybank Singapore strengthens financial literacy among underprivileged students, promoting prudent savings habits both within the students and their families. Through engaging school assembly sessions, the programme equips participants with essential money-management skills. The first session, held on 26 April 2024, reached 350 students, while the latest engagement on 1 August 2024 at Madrasah Aljunied involved approximately 200 students.
9	Maybank KidSTART Saving Stars (MKSS)	N/A	N/A	900	300 families	As part of a three-year partnership between KidSTART Singapore and Maybank Singapore, the Maybank KidSTART Saving Stars programme empowers families by providing financial knowledge and strengthening household savings through top-ups and matched deposits. Over the past two years, the initiative has supported more than 300 families, with 77% continuing their savings habits beyond the programme. A total of 900 volunteer hours have been dedicated to family engagement activities.
12	Health Screening Initiatives	N/A	Health Screening Initiatives	N/A	5,337 women 27,792 underprivileged women	Etiqa’s Health Screening Initiatives, delivered in collaboration with the ROSE Foundation and the National Cancer Society Malaysia (NCSM), aim to increase health awareness and improve access to cancer screening among underprivileged women. These programmes provide free cervical and breast cancer screenings, promote prevention, and facilitate early detection. Women diagnosed with cancer are referred promptly to hospitals or the National Cancer Institute for treatment. In 2024, cervical cancer screenings benefited 5,337 B40 women, while breast cancer initiatives screened 27,792 women across Peninsular Malaysia, including 5,532 mammograms and screenings for 22,260 women via mobile trucks.
15	Maybank Training & Learning Centre (TLC)	N/A	Vocational training	N/A	25 youths	The TLC programme equips disadvantaged young adults in Malaysia with vocational skills that support sustainable employment and financial independence. In 2024, the programme trained 25 youths aged 19 to 35 in air-conditioning repair, empowering them to establish self-managed businesses at the International Youth Centre in Cheras and build long-term economic stability.
16	ELIC Charity Trip: Supporting Education and Sustainability in Cambodia	N/A	Donation of school supplies and built a library	N/A	58 underprivileged students 65 orphans	In 2024, Etiqa Life Insurance Cambodia (ELIC) delivered two key initiatives to enhance education access and promote environmental sustainability. The programme included distributing school supplies and organising interactive activities to inspire learning among underprivileged students, benefiting 58 children. Additionally, ELIC built a dedicated library at Preychum Orphanage, providing educational resources to 65 orphans and creating a conducive environment for continuous learning and growth.
17	Kantha Bopha Hospital Sponsorship	N/A	Financial sponsorship	N/A	400 participants involved during the insurance day	Etiqa provided financial support to Kantha Bopha Hospital in Cambodia to sustain its mission of delivering free medical care for children. This contribution ensures continued access to essential healthcare for underserved communities and reinforces the hospital’s role as a critical lifeline for vulnerable families.
19	The Maybank ASEAN Social Impact Grant	RM164.7k	N/A	N/A	Beneficiaries	The Maybank ASEAN Social Impact Grant (MASIG) is a newly developed programme aimed at supporting high-impact community projects aligned with the pillars of Empowering Education, Community Empowerment, and Environmental Diversity. MASIG strengthens regional collaboration and drives sustainable development through a clear evaluation framework for partners and projects. In 2024, MASIG launched its first pilot project with SEAD Industries Sdn Bhd, focusing on income diversification for Orang Asli communities through regenerative bamboo-based economy initiatives in Perak. A second pilot for Indonesia is currently in its scoping phase. Total investment for the 2024 pilot project amounted to RM164,717.
21	Energy 4Life Programme	N/A	Solar power systems	N/A	811 marginalised individuals	The Energy 4Life Programme 2024 delivers sustainable energy solutions to marginalised communities in Sabah by installing solar power systems in asnaf households. This initiative improves access to reliable electricity, enhances overall
23	Jetty Refurbishment Project	N/A	Jetty refurbishment project	N/A	100 beneficiaries	In collaboration with Islamic Aid Malaysia (IAM), the Etiqa Jetty Refurbishment Project upgrades essential community infrastructure by restoring local jetties. These enhancements provide safer docking facilities for fishermen and improve livelihoods dependent on marine access. In 2024, the project supported 100 beneficiaries, with completion targeted for January 2025.
24	Regional Ramadhan Relief	N/A	Essential food items and daily necessities	N/A	33,600 individuals	The Regional Ramadhan Relief programme addresses urgent food security needs among marginalised communities by distributing essential food items and daily necessities during the holy month of Ramadhan. The initiative spans multiple markets, including Malaysia, Indonesia, Singapore, Cambodia, the Philippines, Vietnam, Brunei, Thailand, Laos, Bangladesh, and Dubai—impacting a total of 33,660 individuals.
25	Support for Maybank Performing Arts Theater (MPAT)	N/A	Sponsorship construction	N/A		Located at the BGC Arts Center in the Philippines, the Maybank Performing Arts Theater (MPAT) serves as a premier venue for arts, culture, and educational programmes. Maybank’s partnership began in 2013 with a USD1 million contribution to support its construction and naming rights, culminating in its opening in 2016. The theater continues to host flagship initiatives such as Cashville Kidz, R.I.S.E. 2.0, and the Cashville Kidz Regional Financial Education Excellence Awards, reinforcing Maybank’s commitment to enriching communities through arts, education, and cultural development.
26	Etiqa Soup Kitchen	N/A	Food and essential items	N/A	1,372 beneficiaries reached.	In collaboration with Feeding the Needy (FTN), the Etiqa Soup Kitchen provides meals and essential supplies to vulnerable groups in Chow Kit, Kuala Lumpur. Monthly sessions supported by Etiqa volunteers ensure consistent care and nourishment for underserved community members. In 2024, the programme reached 1,372 beneficiaries.
27	Strengthening Tiger Conservation in the Belum-Temengor Forest Complex	RM1.55M	N/A	N/A	240 animals saved	Maybank remains deeply committed to protecting the critically endangered Malayan tiger through its long-standing partnership with WWF-Malaysia and government agencies under the Wildlife Conservation Act 2010. Efforts within the Belum-Temengor Forest Complex contributed to Malaysia becoming the first country in Asia to earn the Conservation Assured \| Tiger Standards (CA\|TS) accreditation. In 2024, RM1.55 million was invested in tiger conservation, bringing cumulative investments to RM12.11 million. Patrol teams deactivated 240 snares—potentially saving as many large animals—and covered over 16,000 km to protect tiger habitats.
28	Etiqa Marine Conservation Programme	RM98.7k	N/A	N/A		Etiqa spearheaded the Marine Conservation 2.0 project at Kampung Salang, Pulau Tioman, in collaboration with Leges Divers and UKM’s Marine Research Centre (EKOMAR). The initiative focuses on coral restoration, marine biodiversity protection, and community development. In 2024, RM98,744 was invested in marine conservation activities, supported by coral propagation expeditions involving 40 volunteers, including 20 professional divers. An additional RM20,000 was contributed to upgrade community facilities, including the Kampung Salang surau.
29	Mangrove Cleanup and Replanting	N/A	N/A	300		Maybank’s Mangrove Restoration Initiative strengthens coastal resilience across Malaysia, including in Kuala Selangor, Klang, and Terengganu. These restoration efforts play a vital role in shoreline protection, carbon reduction, and marine ecosystem preservation. In 2024, over 300 volunteers participated in mangrove planting and debris-clearing activities to support long-term environmental sustainability.
30	Eco-Village	N/A	Organic waste processing facility	N/A	30,000 individuals	Maybank established an organic waste processing facility in Desa Petung (Jogja) and is developing another in Desa Standing (Bali), utilising Black Soldier Fly maggot technology to convert organic waste into natural fertilisers. The facilities process up to 500 kg of organic waste daily, reducing landfill dependency while supporting community livelihoods. The initiative has directly benefited 215 residents and indirectly supported more than 30,000 individuals. Integrated with the Maybank Cycling Series and Maybank Marathon Bali, the programme also encourages community participation in carbon-offset and biodiversity-enhancement activities.
31	Tree Planting Initiatives	N/A	350 trees; 4,500 mangrove trees	N/A	4,850 trees	Integrated into the Maybank Cycling Series and the Maybank Marathon Bali, these environmental initiatives encourage community participation in carbon-offset activities while promoting local biodiversity. In 2024, volunteers planted an additional 350 productive trees in Yogyakarta and contributed to the planting of a total of 4,500 mangrove trees, reinforcing efforts to support ecosystem restoration and climate resilience.
32	Heartfelt Moments at Orphan’s Care and Training Organisation (OCTO)	N/A	40 trees	N/A	200 participants	A full-day environmental engagement programme was organised for orphans in Kampong Speu, Cambodia, combining education and sustainability activities. Through interactive workshops, tree-planting sessions, and hands-on learning, the programme benefited 200 young participants and resulted in the planting of 40 trees to promote a greener and more sustainable environment.
33	Global CR Day Environmental Events	N/A	River cleanup; 232kg coastal clean-up; 90 trees planted	N/A		This initiative united employees and local communities in the Philippines to conduct a series of environmental restoration activities, including river clean-ups, coastal clean-ups, and tree planting. The programme engaged 20 volunteers in river rehabilitation efforts, removed 232 kg of waste during coastal clean-ups with 85 volunteers, and planted more than 90 trees across various locations with the participation of 150 volunteers.
34	Global CR Day: Maybank x PaPaZao Partnership	N/A	Weekly community walks	N/A		Launched during Global CR Day 2024, the partnership with PaPaZao promotes physical and mental wellness among seniors through weekly community walks in Singapore. The initiative engaged 1,600 Maybankers and more than 400 PaPaZao members and seniors in a 2.5 km walk. Regular sessions continue with community partners to encourage active lifestyles, social connection, and long-term well-being for the elderly.
35	Cahaya Kasih Challenge Cycle 2024-2025	N/A	N/A	118138	2,989 households benefited	Led by Cahaya Kasih Planning Managers (CKPMs), the 2024 Bank-Led CK cycle comprises 96 community initiatives focused on education, community empowerment, and environmental diversity. Collectively, the programmes recorded 118,138 volunteer hours and delivered meaningful support to 2,989 households, strengthening community resilience and social well-being across multiple regions.
36	Maybank Group Global CR Day	N/A	1,999 trees planted	N/A	22,046 lives 1,999 trees	On Maybank’s Group Global Corporate Responsibility Day, employees across the Group united to complete 93 community and environmental projects within a single day. Activities included tree planting, community clean-up efforts, and wellness programmes. The initiative mobilised 18,922 volunteers, positively impacted 22,046 lives, and resulted in the planting of 1,999 trees.
37	Cahaya Kasih – Self Led Programme	N/A	N/A	680		The Self-Led Cahaya Kasih programme empowers Maybankers to independently initiate community projects that align with their personal interests and values. These activities may be carried out individually or in teams, fostering volunteerism and social responsibility. In 2024, the initiative recorded 680 volunteer hours with participation from 65 volunteers dedicated to supporting meaningful community efforts.
38	Empowering Youth Through Arts and Education	N/A	Educational trip	N/A	50 youth scholars	Through the Cahaya Kasih programme, Maybank Philippines supported 50 youth scholars from the Don Bosco Pugad Center by organising an educational visit to Museo ng Pag-asa and The Mind Museum. The initiative sparked intellectual curiosity, strengthened social awareness, and promoted appreciation for arts, science, and innovation. It encouraged youth to view education and creativity as pathways to a sustainable future while nurturing inclusivity and leadership skills.
39	Maybank HERpower Programme	N/A	Upskilling programmes	N/A	NA	Launched on 19 November 2024 in conjunction with Women’s Entrepreneurship Day, the HERpower Programme supports and uplifts women entrepreneurs by providing access to financing, banking solutions, digital skills, mentorship, and health and wellness services. Delivered in collaboration with SME Banking, Maybank Foundation, Etiqa, and Women of Will (WoW), the programme strengthens financial literacy, business resilience, and long-term growth. Participants also benefit from tailored support through initiatives such as R.I.S.E., Women Eco-Weavers, and Balai Seni’s art programmes.
40	Megapreneurship 3.0	N/A	Business education	N/A	200 participants	In collaboration with Treebrothers, this initiative empowers asnaf entrepreneurs and informal business owners by offering education in business legality, governance, startup fundamentals, and leadership. The programme aims to enable at least 40% of participants to run their own businesses—either full-time or part-time—and ensure at least 40% gain a stable source of income. By equipping participants with essential facilities, skills, and knowledge, the initiative strengthens economic participation and purchasing power. In total, more than 200 low-income participants took part in the programme.
42	Ibupreneur	N/A	Training	N/A	74 households	This programme empowers women zakat recipients facing financial hardship by enrolling them in the Ibupreneur Academy, where they receive comprehensive technical and soft-skills training aimed at increasing their monthly income. In 2024, a total of 74 households successfully completed the academy’s structured modules, strengthening their economic resilience and enhancing livelihood opportunities.
43	Usahawan PROTEK A	N/A	Training	N/A	50 participants	Designed to support zakat recipients in building sustainable home-based businesses, this initiative provides targeted training, hands-on guidance, and ongoing mentoring. In 2024, 50 participants completed the programme and successfully commenced business operations, gaining the skills and confidence needed to generate stable income from home.

Shows an increase monetarily or the number of beneficiaries from 2023 report.

Shows a decrease monetarily or the number of beneficiaries from 2023 report

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from Malayan Banking Berhad’s 2024 Annual and Sustainability Report. Email correspondence was made between 1 November – 20 November 2025 to seek further clarification, however, no reply was received.

This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.

Highlights From Malayan Banking Berhad's Giving

Focus Areas of Malayan Banking Berhad

Beneficiaries of Malayan Banking Berhad

In FY2024, Malayan Banking Berhad invested RM48.74 million in community initiatives, up from RM42.40 million the previous year, reflecting growth both in monetary contribution and in its cash-to-profit giving ratio, which rose from 0.45% to 0.48%.

Maybank’s charitable contributions were primarily directed towards Education (37.2%), Environment (18.6%), and Community Development (14%). A substantial 39.5% of total giving was channelled into Education, supporting a range of training and development programmes, including flagship initiatives such as eMpowering Youths Across ASEAN, Maybank Women Eco-Weavers, Cashville Kidz, and the Maybank HERpower Programme.

Most of Maybank’s beneficiaries were communities and youth, driven by the bank’s strong emphasis on financial literacy and upskilling efforts. However, employee volunteerism saw a decline, with 118,818 volunteer hours in FY2024, down from 227,102 hours in the previous financial year.