KUALA LUMPUR – Danajamin Nasional Berhad, Malaysia’s first Financial Guarantee Insurer, held a graduation ceremony today at Pullman Hotel, Bangsar to commemorate the successful completion of the pioneer batch for the Danajamin100 programme.
Danajamin100, a leadership enrichment programme is the company’s flagship Corporate Social Responsibility (CSR) initiative. Launched in 2014, the pioneer batch comprising of 30 Form 4 students from PINTAR schools within Selangor and Negeri Sembilan were earlier selected for the programme based on their academic results, co-curricular performance and leadership potential. Over a period of 3 years, these students had undergone activities and camps focusing on character building, leadership, communication and professional skills.
Speaking at the event, Yang Berhormat Dato’ P. Kamalanathan, Deputy Minister I, Ministry of Education Malaysia said, “We highly encourage involvement from corporates in supporting our nation building agenda through their CSR programmes. Danajamin100 is a reflection of Danajamin’s dedication towards nurturing our future leaders. This programme will mould the students to be multi-skilled and well-rounded leaders who are capable to meet new challenges and improve the social as well as economic well-being of our country in the long run.”
“Danajamin100 is a testament of our commitment to improve the communities in which we operate through quality education. We envision the graduates to be respected leaders with strong leadership values and ethics, contributing towards shaping the next generation. What makes this programme even more unique is the involvement of Danajamin’s employees who had volunteered to be mentors, continuously interacting with the students while also monitoring their progress,” said Dato’ Mohammed Hussein, Chairman of Danajamin Nasional Berhad.
“This programme emphasises Danajamin’s long-term approach to contribute towards human-capital development. We believe that leadership can be cultivated and nurtured, hence, industry leaders were also brought in to share their experiences, giving students the opportunity to gain valuable insights into the qualities they need in the future. We hope that these students will be an inspiration in their respective communities. Moving forward, we will continue to engage with these graduating students via alumni programmes and provide them with opportunities for further exposures through our network,” added Mohamed Nazri Omar, CEO of Danajamin Nasional Berhad.
During the graduation ceremony, all students were presented with certificates of achievement and a contribution of RM1500 in the form of SSPN-i account. The ceremony was also attended by families of the graduates, representatives from the schools and representatives from Jabatan Pendidikan Negeri (JPN). During the ceremony, Anis Diana binti Anuar from Sekolah Menengah Pulau Indah was selected as recipient of Anugerah Tokoh Danajamin100 – a special award in recognition of her outstanding participation and positive values created among her peers.
The second batch of Danajamin100 comprising of 30 selected students from schools in Perak, Pulau Pinang and Kedah commenced their journey in September last year and scheduled to undergo the second camp in upcoming May.
Including this guarantee, Danajamin has guaranteed issuances approximating RM8.1 billion. Following redemptions of RM1.9 billion to date, the current outstanding Danajamin-guaranteed issuances stands at about RM6.1 billion.
For more information about Danajamin, its services as well as its leadership, log on to www.danajamin.com
Danajamin Nasional Berhad (Danajamin) is Malaysia’s first and only Financial Guarantee Insurer. Established in May 2009, Danajamin’s objective is to ensure that financially viable corporates continue to be able to access the bond market for their long term financing needs and at the same time, be an enabler to further develop the domestic bond and sukuk market.
To date, Danajamin has provided its guarantee for RM7 billion bond/sukuk programmes issued by 28 companies across various sectors; and brought about a market impact of RM14 billion through its risk sharing collaboration with partner banks.
Danajamin has been accorded the highest rating ‘AAA’ by both RAM Rating Services Berhad (RAM) and Malaysia Rating Corporation Berhad (MARC). It is regulated and supervised by Bank Negara Malaysia under the Financial Services Act 2013. Danajamin is equally owned by Minister of Finance Incorporated and Credit Guarantee Corporation Malaysia Berhad.
Today, Danajamin is well positioned to further enable the development of Malaysia’s capital market. Growing from strength to strength, Danajamin’s total assets and shareholders’ equity stands at RM1.9 billion and RM1.3 billion respectively (as at 31 December 2014).
In a Snapshot
Danajamin’s key objectives are to:
- Provide financial guarantee to enable financially viable companies access to the PDS market to obtain financing, with emphasis on long-term financing
- Further enable the development of the domestic PDS market as an alternative source of financing to complement the banking industry
- Stimulate economic growth by improving access to capital for Malaysian companies
Danajamin aims to:
- Facilitate a wider range of credit-worthy companies to raise capital via the bond/sukuk market
- Encourage smaller/non-traditional issuers to raise capital via the bond/sukuk market
- Provide access to long-term capital for a wider range of companies