Membership Shares

Koperasi Co-opbank Pertama Malaysia Berhad or simply known as Co-opbank Pertama (CBP) is a cooperative organisation established on 7 June 1950. CBP was recognised as a Co-operative Bank by the Malaysia Co-operative Societies Commission in 2014.

Co-operative societies are based on the participation of members through the inclusion of shares. CBP membership consists of Individual Members and Cooperative Members.

As at 31 December 2020, the achievement of CBP membership shares is as follows :-

01
INDIVIDUAL

ORDINARY SHARES

TOTAL OF MEMBERSHIP
91,730

BALANCE OF SHARES
RM584.50 MILLION

PREFERENCE SHARES (iRCPS)

TOTAL OF MEMBERSHIP
1,303

BALANCE OF SHARES
RM16.27 MILLION

 
02
COOPERATIVE

ORDINARY SHARES

TOTAL OF MEMBERSHIP
729

BALANCE OF SHARES
RM110.60 MILLION

PREFERENCE SHARES (iRCPS)

TOTAL OF MEMBERSHIP
61

BALANCE OF SHARES
RM235.77 MILLION

 

TOTAL
MEMBERS

92,459

BALANCE OF ORDINARY SHARES RM695.10 MILLION
BALANCE OF PREFERENCE SHARES (iRCPS)RM252.04 MILLION

Note : iRCPS – Islamic Redeemable Convertible Preference Shares

 

Participation as a CBP member will provide the following advantages:

  1. COMPETITIVE DIVIDEND RETURNS.

    The performance of the last 3 years of dividend payment rate by CBP is as follows :-
    YEAR SHARE DIVIDEND RATE iRCPS DIVIDEND RATE
    2018 7.00% 6.20%
    2019 5.50% 6.10%
    2020 6.00% 6.70%

    Note : CBP dividends do not need to undergo zakat. 

    The mandatory Zakat contributions have fallen and it has been confirmed by the The SHARIAH COMMITTEE of CBP has confirmed that dividends received by members are not obligatory for Zakat contribution. This is because Islam does not require the zakat obligation twice from the same property and haul after CBP pays business zakat for the haul of the financial year ending each year.

    If a member keeps the dividend as a savings property until the next haul is sufficient, Zakat is obliged on the member's savings on the taklif and the responsibility of the members themselves for the subsequent hauls of zakat.
     

  2. ELIGIBLE TO APPLY FOR THE BENEFIT SCHEME PROVIDED.

    The last 3 years of CBP relief payments are as follows :-
    BENEFIT YEAR
    2018 (RM) 2019 (RM) 2020 (RM)

    Khairat Scheme

    188,500.00 199,500.00 197,000.00

    Hospital Allowance Scheme

    840.00 1,020.00 475.00

    Critical Illness Scheme

    100.00 475.00 -

    General Assistance Scheme

    1,900.00 2,000.00 800.00

    Scholarship Scheme

    5,850.00 3,300.00 1,700.00

    20 Years Consolation Scheme

    171,000.00 - -

    Total

    368,190.00 206,295.00 199,975.00

The minimum entry of shares is RM1,000.00 (maximum RM5,000.00).

Individual Membership is open to:-

  1. Malay; Or
  2. Muslim; Or
  3. Bumiputera of Sabah and Sarawak.

Membership Conditions:-

  1. Malaysian citizen;
  2. Aged 18 years and above;
  3. Free from criminal offense;
  4. Mentally capable;
  5. Not bankrupt;
  6. Not removed from membership of any co-operative within 1 year.

If you are interested, please download and fill in the following forms.

Minimum entry of shares is RM5,000.00 (maximum RM10,000.00).

Co-operative Membership is open to:-

  1. Co-operative societies registered under the Co-operative Societies Act 1993;
  2. The cooperative members must be made up of 90% Malays or Bumiputera Muslims in Sabah and Sarawak.

Each application to become a member shall be made in the membership application form with the following documents attached:-

  1. Copy of co-operative registration certificate.
  2. A co-operative by-laws.
  3. List of names and particulars of members of the co-operative board (Name, No K/P, Address, Co-operative Post).
  4. Extract of the minutes of the co-operative general meeting that approves the limits of investment funded by excessive co-operative money.
  5. Extract of minutes of meetings of co-operative board members who agreed to apply to become Co-opbank Pertama Board Member.

If you are interested, please download and fill in the following forms.