Each year at about this time, quite a number of students will begin exploring for an opportunity of a scholarship or grant to pursue undergraduate tertiary education. As they write to us with the hope that their wishes may be fulfilled, Yayasan Bank Rakyat is introducing STEP, a Savings Trust Education Programme as a CSR solution to assist these under privileged students, particularly those with no prior record of receiving any financial assistance.
Presently, Yayasan Bank Rakyat is looking at ways to take STEP to the desired goals and objectives of growing the fund through collaborations with individuals and corporations. It is an excellent CSR opportunity to work together and invest in the future of Malaysia’s talent pool.
A progressive and sound trust fund, STEP is the permanent source of funding that will enable investing in its focus areas, primarily high-impact human capital development and research & development programmes.
Contributions to STEP are retained and invested in perpetuity with only earnings generated from the initial monies put to use.
STEP is managed by a dedicated Management Committee in compliance with Shariah principles. Systems are in place to benchmark our operations and services against international best standards. And rest assured, we at Yayasan Bank Rakyat are ISO9001:2015 certified.
This said the criteria of funding students will be clearly transcribed and selection processes will be done by a committee with clear and transparent terms of reference, audit and governance processes. Impact assessment will be performed for all our fundings. Subscribers of the fund will be appraised of the fund, its uses and it is standing regularly and by the terms and remits of Bank Negara Malaysia.
More details are available on our website at step.yayasanbankrakyat.com.my.Take the first mile by pledging a donation to STEP today.
YAYASAN BANK RAKYAT