What Yayasan Khazanah does

Yayasan Khazanah is a Malaysian non-profit scholarship foundation established in 2006 by Khazanah Nasional Berhad, Malaysia's sovereign wealth fund. It is headquartered in Shah Alam, Selangor, operates with approximately 100 employees, and is wholly owned and funded by its sovereign-wealth parent. The foundation's mission is human capital development aimed at building a leadership pipeline for Malaysia's government-linked companies (GLCs), government-linked investment companies (GLICs), public universities, and approved partner organisations. Its operating geography spans Malaysia as the principal base, with scholarships enabling study at 50+ approved global universities across the UK, US, Australia, Canada, Singapore, Hong Kong, China, Ireland, and France.

The foundation delivers a portfolio of roughly twelve scholarship programmes at pre-university, undergraduate, Master's, and PhD levels. Core offerings include the Khazanah Global Scholarship (A-Level, undergraduate, postgraduate at top global universities), Khazanah Watan (domestic Malaysian universities), and co-branded international programmes with Cambridge CCEIT, the Oxford Centre for Islamic Studies (Merdeka Scholarship), the UK's Chevening/FCDO, and the Rhodes Trust. Targeted programmes address equity segments — the Wakalah PayNet-Yayasan Khazanah Scholarship (B40 Muslim students in IT and Finance) and the Khazanah Watan Equity Pathway Programme (B40 post-SPM students) — alongside secondary-school (Khazanah Bestari), regional (Khazanah Asia), and sustainability-focused (Khazanah Lestari) tracks. Full awards cover tuition, living expenses, accommodation, and development support; recipients are bonded to serve Khazanah companies or approved GLCs/GLICs for a period equal to the study duration. The Khazanah Scholars Alumni Association (KSAA) maintains lifelong engagement, and the ACE² Executive Short Courses programme funds third-sector practitioners (up to RM25,000 per award) for executive education at institutions including Cornell, Harvard, Cambridge, and Oxford.

The business model is endowment-funded: the foundation has no commercial revenue and does not sell products or services. Selection is competitive (4–5 stages including ability tests, moral-reasoning assessments, an assessment centre, and management/trustee interviews), funnelled through an annual online application cycle. Marketing and demand generation rely on the foundation's own website (#YKStories content), partnerships with prestigious scholarship administrators (Rhodes, Cambridge, Oxford, Chevening), and word-of-mouth among high-achieving Malaysian student networks — no paid advertising is deployed. Operationally the foundation is administrative and programmatic; no proprietary technology platform, AI/ML systems, or software product lines are described in the source material. Compliance posture includes PDPA (Personal Data Protection Act 2010, Malaysia) adherence for personal data handling.

Name

Yayasan Khazanah

Legal name

Yayasan Khazanah

Website

https://yayasankhazanah.com.my

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

Yayasan Khazanah is a Malaysian non-profit foundation established in 2006 by Khazanah Nasional Berhad, operating 12+ scholarship programmes that place bonded Malaysian scholars at top global universities and Malaysia's GLCs, GLICs, and approved partner organisations to build the nation's leadership pipeline.

Ownership category

akta.pro rank

Product category

Scholarship and Talent Development Foundation

NAICS

Grantmaking Foundations (813211), Educational Support Services (611710)

SIC

Services-Educational Services (8200), Services-Social Services (8300)

akta.pro primary industry

Education Grantmaking Foundations (BPAGAKAK)

akta.pro secondary industries

Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB), Degree-Level Scholarships (Undergrad/Masters/PhD/Postdoc) (EDAIAOAE), Private Pathway & Foundation Providers (EDAIAJAB), Research Grants, Fellowships & Stipends (International) (EDAIAOAJ)

Keywords

• Scholarship programmes
• Talent development
• Education funding
• Leadership development
• Human capital development

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Others, Personnel, Marketing or Sales, Operations

Revenue model

1. Sovereign wealth fund endowment / foundation funding: Yayasan Khazanah was established by Khazanah Nasional Berhad, Malaysia's sovereign wealth fund. It operates as a non-profit foundation funded through its parent organisation's endowment and capital allocations. The foundation does not generate commercial revenue from products or services. Its activities — scholarship provisioning, talent development, and executive training (ACE²) — are funded through Khazanah Nasional's commitment to human capital development.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Yayasan Khazanah is a non-profit foundation that awards full scholarships (tuition, living expenses, accommodation, and development support) to high-achieving Malaysian students for study at premier global and local universities, paired with leadership training, mentoring, internships, and a post-graduation bond-serving placement at GLCs. It also delivers the ACE² Executive Short Courses programme funding professional development for third-sector practitioners and maintains the Khazanah Scholars Alumni Association (KSAA) for lifelong scholar engagement.

Product overview

Yayasan Khazanah is a scholarship foundation established by Khazanah Nasional Berhad offering multiple scholarship programmes as its core product portfolio. The offerings include: Khazanah Global Scholarship Programme (for A-Level, undergraduate, and postgraduate studies abroad at top universities), Khazanah Watan Scholarship Programme (for local Malaysian university studies), specialised partnerships including Khazanah-Cambridge Scholarship, Khazanah-Oxford Centre for Islamic Studies Merdeka Scholarship, Chevening-Khazanah Scholarship, and Rhodes Scholarship (in partnership with Rhodes Trust), equity-focused programmes such as Wakalah PayNet-Yayasan Khazanah Scholarship and Khazanah Watan Scholarship – Equity Pathway Programme (for B40 students), Khazanah Lestari Scholarship (sustainability-focused Master's), Khazanah Bestari Scholarship (secondary school), and Khazanah Asia Scholarship. Additionally, the ACE² Executive Short Courses programme provides professional development for third sector workers through short courses at global institutions. The organisation also maintains the Khazanah Scholars Alumni Association (KSAA) for ongoing scholar engagement.

Differentiator

Problem solved

Functional benefit

Products and services

• Khazanah Global Scholarship Programme A scholarship offering opportunities for high-achieving Malaysians to pursue studies at top universities abroad at three entry levels (A-Level, undergraduate, postgraduate Master's and PhD), including leadership training and job attachments at leading organisations. Targeted at Malaysian students with exceptional academic records.
• Khazanah Watan Scholarship Programme A scholarship for talented Malaysians to pursue undergraduate and postgraduate studies at selected leading local Malaysian universities (including Universiti Malaya, UTM, USM, UCSI, Taylor's), aimed at training the brightest talents to transform GLCs and encouraging research initiatives.
• Khazanah - Cambridge Scholarship Programme Jointly sponsored scholarship with Cambridge Commonwealth, European and International Trust (CCEIT) for Malaysians to pursue postgraduate degrees at the University of Cambridge, covering tuition fees, living expenses, return air passage, book allowance, and other provisions. Established in 2009 as a leadership development programme for Malaysia's future GLC leadership talent.
• Khazanah - Oxford Centre for Islamic Studies Merdeka Scholarship Programme Scholarships established to mark Malaysia's 50th anniversary of independence, enabling outstanding Malaysian students to undertake postgraduate study at the University of Oxford, covering university and college fees, accommodation, subsistence allowances, and return air fares.
• Chevening-Khazanah Scholarship Programme UK government scholarship programme funded by the FCDO and Yayasan Khazanah providing awards to outstanding Malaysian scholars with leadership potential to study one-year taught Master's degrees at top UK universities. Coverage includes tuition fees, monthly stipend, travel costs, arrival allowance, visa costs, and grants for Chevening events.
• Rhodes Scholarship for Malaysia, in Partnership With Yayasan Khazanah Postgraduate awards supporting exceptional Malaysian students (aged 19–25) to study at the University of Oxford, administered by Rhodes Trust with support from Yayasan Khazanah. Application cycle: 1 June – 2 September 2026.
• Khazanah Lestari Scholarship Programme Scholarship programme supporting degree holders to pursue Master's programmes focused on sustainability development at Top 50 QS-ranked universities, covering tuition, living allowance, flights, medical insurance, and alumni support.
• Wakalah PayNet-Yayasan Khazanah Scholarship Programme Partnership scholarship with Payments Network Malaysia (PayNet) supporting Malaysian Muslim B40 students in Information Technology, Computer Science, Finance, and related courses throughout their undergraduate studies at approved Malaysian universities. PayNet sponsors up to 7 students per cohort via its corporate zakat wakalah allocation; recipients must serve PayNet or other approved organisations for a duration equal to the study period.
• Khazanah Watan Scholarship – Equity Pathway Programme Scholarship programme supporting students from underserved B40 communities (combined household income not exceeding RM5,249 per month) to pursue Foundation studies at Malaysian universities, focusing on potential beyond academic results alone and creating an equity pathway for underserved communities.
• Khazanah Bestari Scholarship Programme Scholarship programme for secondary school students providing opportunities for academic and extra-curricular development at prestigious secondary schools in Malaysia (e.g., Marlborough College Malaysia, Kolej Yayasan Saad).
• Khazanah Asia Scholarship Programme Regional scholarship programme enabling students from Asia to pursue studies in Malaysia (e.g., Universiti Tenaga Nasional), with focus on leadership development and soft skills building.
• ACE² Executive Short Courses Professional development programme under the Khazanah ACE² (Accelerating Change for the Equitable Economy) initiative offering executive short courses (1 day to 3 months) at reputable universities and institutions (Cornell, Harvard, Cambridge, Oxford, etc.) for third-sector and development workers. Funding covers course fees up to RM25,000 plus economy-class flights for courses conducted abroad, applied for year-round until allocations are utilised.

Quantifiable outcome

• Scholars have been admitted to top global universities including Oxford, Cambridge, Imperial College London, Harvard, MIT, Stanford, and others
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered flagship and core.

• Payments Network Malaysia Sdn Bhd (PayNet)flagshipStrategic or Co-development Partner · 1 January 2023Yayasan Khazanah partnered with PayNet to support Malaysian Muslim B40 students through the Wakalah PayNet-Yayasan Khazanah Scholarship Programme. Funds are sourced from PayNet's wakalah allocation through corporate zakat proceedings. PayNet sponsors up to 7 students in IT, Computer Science, Finance, and related courses. Recipients must serve PayNet or other approved organisations for a duration equal to the study period.
• Cambridge Commonwealth, European and International Trust (CCEIT)flagshipStrategic or Co-development Partner · 1 January 2009The Khazanah-Cambridge Scholarship, established in 2009, is jointly sponsored by Yayasan Khazanah and CCEIT. It provides financial sponsorship for Malaysians pursuing postgraduate degrees at the University of Cambridge, covering tuition fees, living expenses, return air passage, book allowance, and other provisions. It is a leadership development programme building Malaysia's future GLC leadership talent.
• Khazanah Nasional BerhadcoreStrategic or Co-development PartnerYayasan Khazanah was established in 2006 by Khazanah Nasional Berhad, Malaysia's sovereign wealth fund and investment holding arm of the Government of Malaysia. Khazanah Nasional provides the foundation's funding, mandate, and strategic direction. The foundation's mission is to support Khazanah Nasional's commitment to active human capital development to enhance Malaysia's global competitiveness.
• Rhodes TrustflagshipStrategic or Co-development PartnerYayasan Khazanah supports the Rhodes Scholarship for Malaysia in partnership with Rhodes Trust. The Rhodes Scholarship is the oldest international scholarship programme, supporting exceptional students to study at the University of Oxford. Malaysian citizens aged 19–25 may apply through Rhodes' online application system.
• Oxford Centre for Islamic StudiesflagshipStrategic or Co-development PartnerThe Khazanah-Oxford Centre for Islamic Studies Merdeka Scholarships were established to mark the 50th anniversary of Malaysia's independence. They enable outstanding Malaysian students to undertake postgraduate study at the University of Oxford, covering university and college fees, accommodation, subsistence allowances, and return air fares.
• Chevening (UK Foreign, Commonwealth and Development Office)flagshipStrategic or Co-development PartnerChevening-Khazanah Scholarships are the UK government's global scholarship programme funded by FCDO and Yayasan Khazanah. The programme supports outstanding Malaysian scholars with leadership potential to study one-year taught Master's degrees at top UK universities. Coverage includes tuition fees, monthly stipend, travel costs, arrival allowance, visa costs, and grants for Chevening events.
• Kolej Yayasan UEM (KYUEM)coreStrategic or Co-development PartnerSuccessful A-Level candidates under the Khazanah Global Scholarship Programme are sent to Kolej Yayasan UEM (KYUEM) to pursue the A-Level Programme as preparation for undergraduate studies at approved universities abroad.
• 50+ Global Universities (Approved List)coreOthersApproved universities for Khazanah Global Scholarship include Harvard, Oxford, Cambridge, MIT, Stanford, Imperial College London, Columbia, Cornell, Princeton, Yale, University of Chicago, UPenn, UCLA, UC Berkeley, University of Edinburgh, University of Manchester, King's College London, UCL, Durham, and others for Arts, Engineering, Life Sciences, Natural Sciences, and Social Sciences. For local scholarships, approved universities include University Malaya, UTM, USM, UCSI, Taylor's, and others.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Yayasan Petronas: Malaysian corporate foundation of Petronas that runs the Petronas Education Sponsorship Programme and other scholarships. Directly comparable as a sovereign/corporate-backed scholarship foundation targeting Malaysian students with bond-to-employer structures and full coverage of premier university studies.
• Yayasan Bank Rakyat: Malaysian banking-sector corporate foundation running education scholarships for Malaysian students. Comparable as a Malaysian corporate grantmaking foundation offering higher-education sponsorship with similar beneficiary segments.
• Yayasan UEM: Malaysian corporate foundation linked to UEM Group, known for the Kolej Yayasan UEM (KYUEM) A-Level programme which is explicitly named as Yayasan Khazanah's preparatory college partner. Closely comparable as a Malaysian corporate foundation operating education and talent-development programmes.
• Yayasan Maybank: Corporate foundation of Maybank, Malaysia's largest bank, running education scholarships and community programmes. Comparable in structure as a Malaysian corporate grantmaking foundation funding scholarships and development programmes with employer-affiliated outcomes.
• Jabatan Perkhidmatan Awam (JPA) Scholarships: Malaysia's Public Service Department's scholarship programme sends Malaysian students to top global universities with bond-to-government service obligations. Directly competes for the same high-achieving Malaysian applicant pool and serves a similar GLC/public-sector talent pipeline function.
• Yayasan Sime Darby: Malaysian corporate foundation of Sime Darby Plantation/Berhad that funds education scholarships and community programmes. Comparable as a Malaysian corporate-backed grantmaking foundation operating scholarship pipelines linked to its parent group's talent needs.
• Yayasan TM: Corporate foundation of Telekom Malaysia providing education scholarships and digital-skills programmes for Malaysian students. Comparable as a Malaysian corporate grantmaking foundation operating in education and talent-development adjacent to GLC structure.
• CIMB Foundation: Corporate foundation of CIMB Group, one of Malaysia's largest banks, running scholarships and education-focused philanthropy. Comparable in structure and target segments as a Malaysian corporate grantmaking foundation funding tertiary education scholarships.

Others

• Khazanah Nasional Berhad: Parent entity and sovereign wealth fund of Malaysia that established and fully funds Yayasan Khazanah. Not a peer in the competitive sense, but the strategic, governance, and funding counterparty whose mandate directly drives the foundation's operations.

Regional players

• Agoda Foundation / Lee Foundation: Singapore-anchored philanthropy that funds ASEAN tertiary education scholarships including in Malaysia. Comparable in offering cross-border degree scholarships for Southeast Asian high-achievers and competes loosely for the same regional talent pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/yayasankhazanah

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Yayasan Khazanah