For Khazanah, long-term investments are not just about financial returns, but also take into account ethical and lasting value creation. We do so by balancing the capital economy with the people economy, which ultimately would lead to higher quality of life for the rakyat. Below are selected Khazanah driven initiatives that promote inclusion and sustainability.

Value Distribution through Yayasan Hasanah

Incorporated in December 2013, Yayasan Hasanah (Hasanah) is set up to lead Khazanah’s corporate responsibility (CR) initiatives, an enhanced and strategic approach to value distribution to the nation for years to come. Hasanah’s mandate is to support the development and implementation of solutions that empower communities, encourage social inclusivity and improve local environments.

Yearly, Hasanah’s budget is financed through an annual return that is generated from the RM3 billion endowment fund provided by Khazanah. This is largely channelled towards supporting and funding the programmes of its partners, with an appropriate allocation for the operations of Hasanah.

Hasanah works through an ecosystem of partners that include civil society, communities, corporates, and government agencies to ensure that its efforts result in meaningful impact. It also provides strategy and business advice, training and workshops, knowledge-sharing, sector best practices and networking opportunities to help build capacity among the civil society organisations.

For more info on Yayasan Hasanah, visit


Nurturing Tomorrow Leaders
Yayasan Khazanah (YK) is entrusted to select, support, groom and nurture exceptional individuals who will eventually take on high-level positions in the best organisations including GLCs in Malaysia. Apart from offering scholarships at premier universities around the world or in Malaysia, YK also provides a broad range of activities for Khazanah scholars including leadership and character development programmes, volunteering opportunities with non-governmental or non-profit making bodies and job attachment in companies including GLCs, GLICs or Government Agencies.

For more info on Yayasan Khazanah, visit

Scholars taking a wefie with Yayasan Khazanah Managing Director Kamarul Bahrein at the foundation’s 10th Anniversary Gala Dinner

Raising Our Nation’s Education Standards
Yayasan AMIR is a not-for-profit foundation incorporated on 26 October 2010 by Khazanah to improve accessibility of quality education in Malaysian Government schools through a Public-Private Partnership with the Ministry of Education.

The Yayasan AMIR Trust Schools Programme aims to be a leading network of Trust Schools across Malaysia, with the goal of setting up a replicable school transformation model on a nationwide scale. Yayasan AMIR Trust Schools are holistic in nature, inclusive and representative of Malaysia’s diverse ethnic background. We aim to transform student outcomes by promoting enhanced school management practices, and championing improvements to curriculum and delivery of education.

For more info on Yayasan AMIR, visit


Driving Urban Rejuvenation Through Think City
Think City, a wholly-owned subsidiary of Khazanah established in 2009, is a community-based urban regeneration body that spearheaded the rehabilitation of the George Town UNESCO World Heritage Site. In 2015, it was given the mandate to expand similar efforts to Kuala Lumpur, Butterworth and Johor Bahru. Think City works closely with the government, local and international agencies and various communities to build local capacity for the protection and development of living heritage, culture and architecture. It also aims to encourage sustainable development and the creation of a more liveable environment.

For more info on Think City, visit

Dikir Barat Arjunasukma performing at the Masjid Jamek LRT station, a part of Think City’s Arts On The Move initiative to bring a range of public arts and cultural activities to rejuvenate public spaces

“I am blessed to be able to wear two hats, as the Executive Director for Think City and a Director in Khazanah. Aside from delivering commercial returns, Khazanah’s work through Think City touches people in the most human of ways. For me the value lies in the impact we have in their daily life by improving the environment they live, work and play in.”

Hamdan Abdul Majeed
Executive Director, Think City & Director, Investments

Evidence-based Policy Research through Khazanah Research Institute
Khazanah Research Institute (KRI), which started operations in the first quarter of 2014, aims to undertake analyses and research on the pressing issues of the nation, and based on the research, provide actionable policy recommendations. KRI’s publication The State of Households II, launched in August 2016, examined the state of households which is one of the many pressing issues of the nation as well as women in the workforce and the ageing population. Similarly, Climbing the ladder: Socio-economic Mobility in Malaysia, launched in October 2016, is the first large-scale representative study of inter-generational social mobility in Malaysia which focuses not only on income mobility between child and parent, but also on educational and occupational mobility.

For more info on KRI,

Khazanah Deputy Chairman and Khazanah Research Institute (KRI) Chairman Tan Sri Nor Mohamed Yakcop (centre) with Tan Sri Azman (far left), Managing Director of KRI Datuk Charon Mokhzani (second right), Board of Trustee Khazanah Research Institute Dr Nungsari Ahmad Radhi (far right) and Director of Research Dr Mohammed Khalid (second left) at the launch of KRI’s publication The State of Household II

In August 2004, the then Encik Azman Mokhtar shared Khazanah Nasional’s purpose of Nation Building. The three of us from EY left the meeting motivated to do the very same. This resonated with EY’s Purpose of Building a Better Working World. The shared purpose has served as a beacon for us whenever we work with Khazanah in the past 13 years.

Chow Sang Hoe
Managing Partner, Advisory, ASEAN and Malaysia
EY Malaysia

Promoting Public Space

Khazanah is involved in the promotion of public spaces as part of its contribution towards creating more sustainable and liveable cities.

The Cruyff Courts Programme
Malaysia is the second Asian country after Japan to have the Cruyff Courts Programme, a collaboration between Yayasan Hasanah and the Johan Cruyff Foundation. Cruyff Court Iskandar Malaysia was launched in 2012 while Cruyff Court Kuala Lumpur in Brickfields was opened in 2013. The programme provides a unique football experience to disadvantaged children, youths and the larger community. Cruyff Courts brings old playing fields that are lost to urbanisation back to the community to restore social unity, as they serve as playing fields as well as meeting places where themes like mutual respect, health, integration, development and teamwork are nurtured. In 2017, two new courts will be available at Projek Perumahan Rakyat (PPR) Air Panas & PPR Seri Semarak in Setiawangsa, Kuala Lumpur.

Community youngsters having a football training session at Cruyff Court Kuala Lumpur in Brickfields

Taman Tugu Project
The Taman Tugu Project is a multi-component not-for-profit corporate social responsibility (CSR) initiative led by Khazanah in collaboration with Dewan Bandaraya Kuala Lumpur (DBKL) with the support of various stakeholders including Ministry of Federal Territories, Ministry of Natural Resources and Environment, Economic Planning Unit (EPU), Public Private Partnership Unit (UKAS), Forest Research Institute of Malaysia (FRIM) and Malaysian Nature Society (MNS).

Up to RM650 million has been set aside for the project covering the following components:

  • Conserving and activating a 66-acre urban forest park (approx. RM190 million)
  • Connecting the surrounding area with approximately 2-kilometers of sheltered pedestrian friendly walkways (approx. RM175 million)
  • Development of a learning and innovation centre (approx. RM185 million)
  • Establishment of a National Public Trust including operations, maintenance, partnerships and community development up to 2030 (RM100 million)

Since its launch in September 2016, the project team has conducted over 30 open dialogues, discussions with special interest groups such as environmental NGOs, architects and landscape associations, running and cycling communities, tourism councils, educational institutions, government ministries as well as with Members of Parliament. An online survey and ‘Rakyat Touch Points’ which are engagement booths set up at various shopping malls and LRT stations were also organised to ensure the general public had a clearer picture of the project and for them to provide their input.

The project is slated for completion on a milestone basis starting with parts of the park by third quarter of 2018.

For more info on the Taman Tugu Project, visit

Dato’ Sri Mohd Najib at the launch of Taman Tugu Project together with Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor and Tan Sri Azman
Development of Iskandar Puteri Public Transport System

The next phase of development for Iskandar Puteri in Johor is the setting up of a bus service system that inter-connects all key nodes in the area. The Bus Rapid Transit is a system that utilises dedicated bus lanes, universal access stations, integrated pedestrian access, rapid boarding and high service frequency aspects.

Affordable Housing in Iskandar Malaysia

UEM Sunrise has earmarked its landbank at Gerbang Nusajaya, the second wave of development after Iskandar Puteri, for affordable housing to be built for Malaysians.


Impact Investing
Khazanah is constantly on the look-out for investments that fulfil the commercial mandate while at the same time create a high social development and inclusion impact. Our impact investments include 8990 Holdings, which focuses on building homes for lower income groups in the Philippines; Cenviro, which is involved in sustainable waste management; and Cenergi SEA in the clean energy sector.

In 2015, Khazanah combined education and Islamic finance along with socially responsible investments through the issuance of the world’s first Ringgit-denominated Sustainable and Responsible Investment Sukuk. This innovative structure, while relatively new, is a powerful concept as investor awareness and responsiveness are expected to increase over time.

Responsible Investment
Beyond financial returns, Khazanah is also working to quantify the holistic impact of investments to include areas such as environment, human capital and industrial harmony, economic multipliers like job creation, technology and knowledge formation; and development of a supplier base.