Empowering Malaysian Youth to Secure Their Financial Future

Empowering Malaysian Youth to Secure Their Financial Future

30 October, Johor Bahru - In conjunction with Malaysia’s Financial Literacy Month, FWD Takaful, in partnership with Arus Academy, has successfully concluded the Fun(d) for Life Financial Literacy National Summit, now in its second year. The summit is a cornerstone of the "Fun(d) for Life" financial literacy initiative, designed to equip Malaysian youth with essential financial knowledge and skills.

The Summit’s focal point was the National Financial Literacy Competition, where 172 students aged 10 to 17, representing all states in the country, showcased their financial acumen across three categories: Personal Finance, Entrepreneurship and Student Advocacy.

The competition crowned national champions in each category, with prizes ranging from RM2,000 to RM6,000, helping to further support their financial aspirations.

The Teacher Icon Category recognised and celebrated the efforts of educators, honouring teachers who have passionately championed financial literacy. Teachers Herna binti Nordin from SM Sultan Abdul Halim, Kedah; Anglelina Sii Ai Jing from SMK Merbau, Sarawak and Mohamad Izham Bin Ismail from SK Permatang Binjai, Pulau Pinang, received cash prizes of RM2,000 each for their outstanding efforts.

Reflecting on the event, Wan Ahmad Najib Wan Ahmad Lotfi, Programme Founder and Chief Distribution Officer of FWD Takaful, remarked, "We are incredibly proud of the growth and impact of the 'Fun(d) for Life' initiative since its inception in 2019. As we wrap up the second year of the Financial Literacy National Summit, our commitment to this cause remains unwavering. Financial literacy is at the heart of every individual’s well-being, encompassing not only savings but also understanding how to protect oneself from potential financial risks.

Starting young provides students with a head start in pursuing their dreams, equipping them with the knowledge of savings, investments, and financial protection."

Amirul Haziq Bin Muhammad Faizal, 15 years old from Sekolah Sultan Alam Shah, Putrajaya, winner of the Personal Finance category shared, "I am deeply honored to have been chosen as a winner among my peers. Through this competition, I have gained valuable insights into my financial dreams of being a Diplomat, how to realise them, and how to safeguard myself from potential financial risks."

The National Financial Literacy Competition, which commenced in May this year, received over 3,000 participation from across Malaysia and is supported by the Ministry of Education.

For more information on various other financial literacy initiatives for students, teachers and parents by Fun(d) for Life, visit www.fundfor.life.

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