Malaysia’s premier scholarship provider Yayasan Khazanah, and Payments Network Malaysia Sdn Bhd (PayNet) has officially renewed their Memorandum of Understanding (MoU) to extend the Wakalah PayNet-Yayasan Khazanah Scholarship Programme. 

This strategic partnership aims to support Malaysian-Muslim B40 students throughout their undergraduate studies in Malaysia, focusing on disciplines such as Information Technology, Computer Science, Finance, and other related courses at approved local universities. The focus on these courses will enable Malaysia to develop a technologically driven workforce while ensuring that these scholars will be easily employable. The funding for this initiative comes from PayNet’s Wakalah allocation through corporate zakat proceedings, underscoring PayNet's commitment to social mobility through education for underprivileged asnaf communities. 

"We are very excited to continue our partnership with a highly desired scholarship provider like Yayasan Khazanah," said Firdaus Ghani, Senior Director, Government Digitalisation Division, PayNet. "Through this partnership, PayNet is committed to ensure that deserving students regardless of social background are given equal access to education to improve their future livelihoods and contribute to the nation”.  

He added, “We hope that one day these high achieving scholars also find an opportunity to develop the digital payments industry together with PayNet or even with our other business partners in the financial ecosystem.” 

Established in 2006 by Khazanah Nasional Berhad and is a strategic partner of Yayasan Hasanah, Yayasan Khazanah’s mission is to select, support, groom and nurture exceptional individuals capable of leading the best organisations in the country and around the world.  

Siti Kamariah Ahmad Subki, Managing Director of Yayasan Hasanah, shared, “As the country makes strides in the digitalisation of industries such as the financial sector, this partnership is timely and supports our commitment in nurturing future-ready talents and leaders towards advancing Malaysia. We are pleased to be providing scholarship opportunities that meaningfully supports the youth’s aspirations, while meeting talent demands of the country's growing sectors.”

Entering its second year, the Wakalah PayNet-Yayasan Khazanah Scholarship Programme is part of the various scholarship programmes provided by Yayasan Khazanah. Since 2006, Yayasan Khazanah has awarded scholarships to 1,495 outstanding individuals in their education journey across various fields. For further information on the eligibility criteria, approved universities, and how to apply for the Khazanah Scholarship, visit www.yayasankhazanah.com.my.  

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