Transforming Education, Harnessing Potential

Zaida Khalida Shaari
Executive Director, Investments

Shahira Ahmed Bazari
Managing Director, Yayasan Hasanah

Khazanah’s corporate responsibility (CR) outreach is anchored on the country’s nation-building needs. The premise is to create ‘true value’ for the country in all that we do, encompassing not just our financial and strategic activities, but also our societal initiatives.

“Education is the premise of progress, in every society, in every family.”
Kofi Annan,
Seventh Secretary-General of the United Nations

Khazanah’s CR foundation, Yayasan Hasanah (Hasanah), carries out our social initiatives focusing in five areas which are Education, Community Development, Environment, Arts, Heritage and Culture including Public Spaces and Knowledge.

Despite a significant amount spent on education, student performance data from 2010 indicates that Malaysia still lags behind other countries with similar or lower levels of expenditure per student1. This prompted Khazanah to establish Yayasan AMIR in 2010, to develop a comprehensive and scalable public school transformation model that sustainably improves student outcomes.

1 Malaysia Education Blueprint 2013 - 2025, Ministry of Education


Yayasan AMIR (YA) anchors Khazanah and Hasanah’s comprehensive school transformation programme in primary and secondary schools. Yayasan AMIR Trust Schools Programme is a model that aims to sustainably improve student outcomes through four strategic goals focusing on school leadership, teachers, students, and parents and community. It was conceived as a long-term commitment to improve accessibility to quality education through a Public- Private Partnership with the Ministry of Education. Trust Schools are chosen on a good representation of Malaysian schools; comprising both primary and secondary, vernacular and multi-racial schools in urban as well as rural areas.

They employ five-year strategic Trust School Roadmaps and annual Trust School Improvement Plans that are introduced at each of the schools and overseen by Yayasan AMIR. A priority at the Trust Schools is to provide a rich and engaging learning environment, so students can fulfil their personal and scholastic potential.

Yayasan AMIR engages LeapEd Services Sdn Bhd (LeapEd), a home-grown education service provider and a wholly-owned subsidiary of Khazanah Nasional, to develop content and assign dedicated Teaching and Learning Advisors (TLAs) for the Trust Schools. The TLAs act as coaches and mentors for the teachers and Senior Leadership Teams (SLTs) of the Trust Schools, helping them to execute their strategic plans in pursuit of attaining holistic student outcomes.

In addition, Yayasan Hasanah (YH) partners with Teach for Malaysia to maximise student potential in high-needs secondary schools. The programme recruits the country’s future leaders to teach as Fellows for two years, directly impacting students and their communities. After the Fellowship, Alumni continue to drive education transformation within and beyond the classroom.


Yayasan Khazanah (YK) is Khazanah’s foundation for scholarships. Set up in 2006, it is entrusted to select based on merit, develop and groom the next generation of talent pipeline for the nation. This is in line with Khazanah’s commitment to actively develop human capital to help enhance Malaysia’s competitiveness on the global stage. YK sources for scholars with exceptional academic achievements and leadership traits.

Its flagship programme, the Khazanah Global Scholarship, provides scholars the opportunity to pursue undergraduate or postgraduate programmes at selected premier universities in the United Kingdom, United States and Australia. The programme includes the Khazanah-Oxford Centre of Islamic Studies Merdeka Scholarship for postgraduate studies at Oxford University and the Khazanah-Cambridge Scholarship for students pursuing undergraduate or postgraduate studies at Cambridge University. In addition, YK has three local scholarships, namely Khazanah Watan Scholarship, Khazanah Asia Scholarship, Khazanah Bestari Scholarship. In 2016, it launched two new scholarships, namely Rhodes Scholarship for Malaysia, in partnership Yayasan Khazanah programme and Chevening-Khazanah Scholarship programme.

Since 2013, Khazanah has sponsored Malaysian mainstream journalists to undergo a 10-week programme organised by Wolfson College, University of Cambridge. The objective is to help develop well-rounded journalists, who can in turn contribute to the nation-building agenda through their reporting.

Tan Sri Azman (center), New Straits Times Press (NSTP) Chief Executive Officer, Datuk Abdul Jalil Abdul Hamid (left) and Press Fellow recipient, NST journalist Lidiana Rosli (right) during the Wolfson Press Fellowship 2017 Award presentation ceremony

“Coming from a middle-income family; I had never imagined that I would be granted the opportunity to pursue my interest in Materials Engineering.

With the support of YK, I am truly blessed to be given the chance to study at Imperial College London.

Throughout my journey as a YK scholar, I have received constant engagement, leadership training, words of encouragement – all of which made who I am today. I have gained much confidence in my own abilities and have had the chance to engage in research at several top institutions in the world.

Now I have been offered a place in MIT to pursue PhD in Materials Science Engineering under the MIT scholarship, yet another milestone in my life made possible through YK - a bridge that has led me to hope and reach my dream.”

Irina Mahmad Rasid, 24,
MEng Materials Science Engineering


Student transformation is not just limited to the school as the entire community also plays a role. PINTAR (Promoting Intelligence, Nurturing Talent and Advocating Responsibility) is an initiative by the Ministry of Finance that stemmed from the Government-Linked Companies (GLC) Transformation Programme to help improve socio-economic standards through educational achievement.

Through PINTAR Foundation, Khazanah drives the PINTAR School Adoption Programme, in which GLCs adopt public schools in rural areas with underserved students, for a period of three years and support them through financial and non-financial contributions. Employees of these companies are involved in implementing various activities in the adopted schools by following a modular framework that ensures programmes support the holistic development of the students.


To further demonstrate our commitment to transforming the education system and reducing the education inequity gap, Khazanah is constantly in a quest of introducing new and innovative financial solutions to help fund this cause.

In 2015, Khazanah took a huge step forward by debuting the country’s first socially responsible investment (SRI) ringgit-denominated Islamic bond. The proceeds of the issuance are channelled to Yayasan AMIR to manage its cashflow for the deployment of the Trust Schools Programme for 20 schools identified in 2015, in Kuala Lumpur, Johor and Sarawak.

The structure is unique in a sense that it targets investors that are keen on giving back to society. The SRI Sukuk is dedicated for education only and has key performance indicators (KPIs) that affect the returns from the Sukuk investment. If the KPIs are not met, investors will get normal returns as per the launch date, but if the KPIs are met, investors will be gifting away the returns. Another unique feature of the SRI Sukuk is that investors can choose to waive their principal that will effectively go to the trust schools.

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