BR MarketPlace is a one-stop online platform developed by Bank Rakyat to provide our customers with the flexibility and ease of purchasing high value products with readily available Islamic Financing solutions.
BR MarketPlace v1.0 is focused on creating a retail platform for brand new cars in Malaysia, with Perodua and Toyota paving the way for other manufacturers to follow soon.
Our technology allows us to have a system that directly link dealers to BR MarketPlace to view purchases in real time.
What also sets us apart from other online car platforms are the ability for customers to access the financing calculator to check their financing eligibility, and to apply for our extensive Islamic Financing packages instantly. We believe this will help customers save a lot of time and give added peace of mind when purchasing their cars. Get your wheels without the ordeals, at BR MarketPlace!
Bank Rakyat was established on 28 September 1954 under the Cooperative Ordinance 1948 (known as the Cooperative Societies Act 1993). Today, Bank Rakyat is the biggest Islamic cooperative bank in Malaysia with assets totaling RM99.22 billion as at end of December 2016.
The transformation in 2002 of the Bank from a conventional banking system to a banking system based on Syariah has enabled the Bank to record encouraging profits year after year. For the financial year ending 31 December 2016, we have recorded a pre-tax and pre-zakat profit of RM1.74 billion.
We continue to expand our product range and customer facilities that are varied and innovative. The products and facilities include consumer banking, commercial financing, savings and investments as well as products of financial planning to satisfy the many demands of a wide spectrum of modern day customers.
Efficient delivery channels continue to be expanded and continuously improved. We continue to maintain a friendly corporate image to place us on a sound footing as Your Choice Bank.
We have received various recognitions as an industry player and as an outstanding cooperative organization in Malaysia as well as internationally.
As an entity under the control of the Ministry of Domestic Trade, Cooperatives and Consumerism, we are committed to support the mission of the Ministry to consolidate the cooperative sector as the mainstay of economic growth of the nation via all the efforts and steps that we have arranged.
To date, we have 147 branches with more than 990 automated teller machines (ATMs) and cash deposit machines (CDM), and 183 Ar-Rahnu X'Change nationwide. Bank Rakyat also operates our contact centre, tele-Rakyat that can be reached at 1-300-80-5454(Toll Free) and the iRakyat internet banking at www.irakyat.com.my.