Perbadanan Menteri Besar Kelantan

What Perbadanan Menteri Besar Kelantan does

Perbadanan Menteri Besar Kelantan (PMBK) is the state-owned investment and development corporation of the Kelantan State Government in Malaysia, headquartered at Tingkat 6, Bangunan PMBK in Kota Bharu. It functions as the state's commercial arm, holding or co-holding 16 subsidiaries and 4 joint ventures that span property development (Bazar Tok Guru commercial bazaar, Perumahan Wadi Iman residential housing under Bumiputera / rezab Melayu status), Shariah-compliant gold and silver currency (Kelantan Gold Trade Dinar & Dirham), biotechnology and cosmeceuticals (Kelantan Biotech Corporation, Bio Tajmeel under the Nutrifera brand), takaful insurance (Kifaalah), utilities and water (Kelantan Utilities Mubaarakan Holdings, Air Kelantan), mining (PMBK Az-Zahab), HDPE pipe manufacturing (Kel-Intaaj JV), solid waste management (Pengurusan Sisa Pepejal Mubaarakan JV), plantation (Maju Kastera Mubaarakan, PMBK Sawit), and professional training (Akademi Pembangunan Insan Profesional / AI-PRO JV).

The organization generates revenue through a diversified mix: recurring rental income from 400+ Bazar Tok Guru lots starting at RM 90/month and RM 265/month for Level 3, sale or rent-to-own of Wadi Iman housing units at RM 399,500 per unit, sale of gold Dinar and silver Dirham, takaful premiums, water tariffs, biotech product sales, professional training fees, and a co-developed RM 500 million floating solar farm at Tasik Danau Tok Uban delivering 259,004 MWh annually with Cypark Resources. Its technology stack is built on government e-service portals (e-Hartanah property portal, e-Prospek lead management, e-ADUAN, e-NAZIRAN, e-SKT, e-SPIA, e-KIFAALAH) integrated with the Kelantan State Digital Portal, plus internal HR and admin systems.

PMBK's go-to-market is sales-led and direct-to-consumer: property transactions are routed through the corporate HQ, the Jabatan Hartanah and Jabatan Pemasaran offices, and the e-Hartanah portal, with loan processing supported by Maybank and Bank Muamalat. Primary customers are the Kelantan State Government, Bumiputera property buyers (eligible for 100% LPSSA financing on Bumiputera housing), civil servants entitled to a 10% property discount, SME commercial tenants at Bazar Tok Guru, and Muslim buyers purchasing Dinar/Dirham for Islamic mahar. The entity is fully government-owned, not listed, and reports through Dr. Mohd Zulkufli Bin Zakaria as Group Chief Executive Officer.

Name

Perbadanan Menteri Besar Kelantan

Legal name

Perbadanan Menteri Besar Kelantan

Website

https://pmbk.gov.my

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Perbadanan Menteri Besar Kelantan is the Kelantan State Government's state-owned investment and development corporation, operating 16 subsidiaries and 4 joint ventures across property, Islamic finance, biotech, utilities, mining, and professional services for Bumiputera buyers, civil servants, and SME traders in Kelantan, Malaysia.

Ownership category

akta.pro rank

Product category

State-Owned Investment and Development Corporation

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• State development corporation
• Property development services
• Islamic finance services
• Green technology utilities
• Professional training services

Headquarters

HQ city

Kota Bharu

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Property Sales and Rentals: PMBK generates revenue through sale and rental of commercial and residential properties including Bazar Tok Guru retail lots (rent from RM 90/month), commercial lots (RM 265/month), and Wadi Iman housing units (from RM 399,500 for purchase). PMBK assists buyers with loan processing.
2. Dinar and Dirham Gold Trading: Kelantan Gold Trade Sdn. Bhd. (KGT) produces and sells Islamic-compliant gold Dinar and silver Dirham currency, popular for Islamic wedding mahar (dowry) payments. Revenue from sale of gold and silver coins/bars at market-linked prices.
3. Biotechnology and Health Products: Kelantan Biotech Corporation Sdn. Bhd. and Bio Tajmeel Cosmeceutical Sdn. Bhd. develop and sell biotechnology and health/cosmetic products under the Nutrifera brand.
4. Takaful (Islamic Insurance) Services: Kifaalah Sdn. Bhd. provides Shariah-compliant takaful insurance services, generating revenue through insurance premiums.
5. Utilities and Water Supply: Kelantan Utilities Mubaarakan Holdings Sdn. Bhd. manages green technology and utility services; Air Kelantan Sdn. Bhd. provides clean water supply services. Revenue from utility service fees.
6. Professional Services: Akademi Pembangunan Insan Profesional Sdn. Bhd. (AI-PRO) provides professional development, training, and consulting services in sales, operations, HR, administration, accounting, and Islamic-value-based education.
7. Mining and Mineral Resources: PMBK Az-Zahab Sdn. Bhd. manages mining and mineral resource operations in Kelantan.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Perbadanan Menteri Besar Kelantan (PMBK) is a state-owned investment and development corporation of the Kelantan State Government that operates as a holding company for a diversified portfolio across multiple sectors. Its core offerings include commercial and residential property development (Bazar Tok Guru bazaar and Perumahan Wadi Iman housing), Islamic-compliant gold currency (Dinar & Dirham) trading, takaful insurance services, biotechnology and health products under the Nutrifera brand, water supply (Air Kelantan), green technology utilities including a floating solar farm, mining operations, and professional development training (AI-PRO).

Product overview

Perbadanan Menteri Besar Kelantan (PMBK) is a state-owned corporate body managing diverse business portfolios across multiple sectors. The organization operates as a holding company with subsidiaries and joint ventures offering: (1) Property Development - commercial (Bazar Tok Guru) and residential (Perumahan Wadi Iman) properties; (2) Gold Trading - Kelantan Gold Trade Sdn. Bhd. producing Islamic-compliant Dinar and Dirham coins; (3) Utilities & Green Technology - through Kelantan Utilities Mubaarakan Holdings including floating solar projects; (4) Water Services - via Air Kelantan Sdn. Bhd.; (5) Biotechnology & Healthcare - through Kelantan Biotech Corporation and Bio Tajmeel Cosmeceutical; (6) Mining - via PMBK Az-Zahab Sdn. Bhd.; (7) Takaful Services - through Kifaalah Sdn. Bhd.; (8) Professional Services - via Akademi Pembangunan Insan Profesional (AI-PRO); and (9) Infrastructure - including HDPE pipe manufacturing (Kel-Intaaj) and solid waste management.

Differentiator

Problem solved

Functional benefit

Brands

• E-Hartanah PMBK: The real estate marketing division of PMBK responsible for promoting the sale of property products including Bazar Tok Guru and Perumahan Wadi Iman.
• Bazar Tok Guru
• Perumahan Wadi Iman
• Majalah Qiadah
• Dinar & Dirham Kelantan

Products and services

• Bazar Tok Guru

Quantifiable outcome

• RM 500 million floating solar farm generates 259,004 MWh of electricity annually, making it the largest floating solar project in Southeast Asia
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered flagship and minor.

• Cypark Resources BerhadflagshipStrategic or Co-development Partner · 1 April 2021Cypark Resources Berhad developed the RM 500 million floating solar farm at Tasik Danau Tok Uban, Pasir Mas, Kelantan — the largest floating solar project in Southeast Asia. PMBK subsidiary Kelantan Utilities Mubaarakan Holdings Sdn. Bhd. (KUMH) partnered with Cypark's subsidiaries Cypark Estuary Solar Sdn. Bhd. and Cove Suria Sdn. Bhd. on this project. The project is part of Kelantan's Sustainable Development Master Plan.
• Cypark Estuary Solar Sdn. Bhd.flagshipStrategic or Co-development Partner · 1 April 2021Subsidiary of Cypark Resources Berhad, co-developing the floating solar farm project at Tasik Danau Tok Uban alongside PMBK subsidiary KUMH. Responsible for project execution and solar panel installation across the 247,600-panel facility generating 259,004 MWh annually.
• Cove Suria Sdn. Bhd.flagshipStrategic or Co-development Partner · 1 April 2021Subsidiary of Cypark Resources Berhad, co-developing the floating solar farm project at Tasik Danau Tok Uban alongside PMBK subsidiary KUMH. The project also included declaration of the lake as an Aquaculture Industrial Zone (ZIA) with 50,000 giant freshwater prawn and 15,000 lampan fish juveniles released.
• Akademi Pembangunan Insan Profesional Sdn. Bhd. (AI-PRO)minorStrategic or Co-development Partner · 29 January 2007Joint venture established 29 January 2007 offering professional development services in six core areas: sales, marketing, operations, human resources, administration, and accounting. Also provides Islamic-value-based education programs including Quran learning in partnership with Bedaie. Located in Kubang Kerian, Kota Bharu.
• BedaieminorStrategic or Co-development PartnerBedaie is a Quran education partner collaborating with Akademi Pembangunan Insan Profesional Sdn. Bhd. (AI-PRO), PMBK's professional services joint venture. The collaboration delivers Al-Quran learning classes conducted door-to-door (home-based) and online, supporting PMBK's community development and human capital development mission.
• Kel-Intaaj Sdn. Bhd.minorChannel Partner/ Reseller/ DistributorJoint venture company between PMBK and partners focused on HDPE (High-Density Polyethylene) pipe manufacturing. Operates as part of PMBK's industrial development portfolio, contributing to Kelantan's manufacturing and infrastructure supply chain capabilities.
• Pengurusan Sisa Pepejal Mubaarakan Sdn. Bhd.minorChannel Partner/ Reseller/ DistributorJoint venture company managing solid waste management services. Part of PMBK's environmental and utilities portfolio, operating under the Mubaarakan brand. Addresses Kelantan's solid waste management needs as part of the state's environmental sustainability agenda.
• Sihhat-Afiat Sdn. Bhd.minorChannel Partner/ Reseller/ DistributorJoint venture company focused on natural mineral water production and distribution. Part of PMBK's strategy to develop Kelantan's natural resources and health/wellness product portfolio. Located within PMBK's joint venture/subsidiary network for product commercialization.
• Maju Kastera Mubaarakan Sdn. Bhd.minorChannel Partner/ Reseller/ DistributorJoint venture company operating in the plantation/agriculture sector under the PMBK group. Contributes to Kelantan's agricultural development initiatives and is listed alongside PMBK Sawit Sdn. Bhd. in the palm oil industry segment.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Others

• Cypark Resources Berhad: Malaysian renewable energy developer and PMBK's strategic partner on the RM 500M largest-in-SE-Asia floating solar farm at Tasik Danau Tok Uban. Connected as co-developer rather than competitor.
• Bank Muamalat Malaysia Berhad: Malaysia's leading Islamic bank, an approved financing partner for PMBK property buyers and the natural counterparty for PMBK's Kifaalah Takaful operations. Ecosystem partner rather than direct competitor.

Direct peers

• Johor Corporation (JCorp): The investment and development arm of the Johor state government, operating a diversified portfolio across plantation, property, healthcare, and industrial sectors. Mirrors PMBK's role as a state-owned multi-sector holding company in Malaysia.
• Perbadanan Kemajuan Negeri Perak (PKNP): Perak state's development corporation managing property, industrial parks, and investments. Another Malaysian state economic development body with a structure and mandate parallel to PMBK's.
• Majlis Amanah Rakyat (MARA): Federal agency charged with Bumiputera economic development, operating business premises (e.g., Bazaar MARA), training institutes, and property programs. Highly comparable to PMBK's Bumiputera housing and commercial bazaar focus.
• Terengganu Inc: State investment arm of Terengganu managing diverse holdings including property, plantations, and oil & gas services. Direct functional comparator as another Malaysian east-coast state investment corporation.
• Perbadanan Kemajuan Negeri Selangor (PKNS): Selangor state's economic development corporation, with a portfolio spanning real estate, retail, hospitality, and agriculture. Closely comparable in structure and mandate to PMBK's Kelantan state role.

Broad incumbents

• Sime Darby Plantation Berhad: Major Malaysian conglomerate with palm oil, property, and industrial interests. PMBK's PMBK Sawit palm oil and property subsidiaries overlap with Sime Darby's diversified plantation-and-property franchise.
• Khazanah Nasional Berhad: Sovereign wealth fund of Malaysia managing strategic state-linked investments across sectors. Operates at a national scale but shares the state-backed, multi-sector holding model that defines PMBK's structure.

Regional players

• Pengurusan Aset Air Berhad (PAAB): Federal water asset operator in Malaysia. Operates in a comparable sector to PMBK's Air Kelantan Sdn. Bhd. water subsidiary, though at a national scale rather than Kelantan-only.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCbFpxHtwTrG5aAjxfRgxwKQ
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• LinkedInlinkedin.com/company/pmbk

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perbadanan Menteri Besar Kelantan