Koperasi Shamelin Berhad (KSB)

In today’s dynamic financial landscape, finding a reliable partner to navigate the complexities of personal finance is crucial. Look no further than Koperasi Shamelin Berhad (KSB), a beacon of trust and integrity in the cooperative sector. With a legacy of empowering individuals and communities, KSB offers a diverse range of financial solutions tailored to your needs. Whether you’re seeking savings options, loans, or investment opportunities, KSB stands ready to support your journey towards financial prosperity. Discover the difference with Koperasi Shamelin Berhad (KSB) and take the first step towards a brighter financial future today.

The History

Formation and Objectives

Koperasi Shamelin Berhad (KSB), better known as SHAMELIN, is a registered cooperative established on April 13, 1971, with the aim of enhancing the economic interests of its members in accordance with cooperative principles.

Early Development

As of December 2012, Koperasi KSB had 22,424 members with accumulated shares totaling RM9,835,153.55.

Since its inception, Koperasi KSB has experienced some bitter experiences in trying to find and consolidate economic activities that can realize the purpose of its establishment.

Major Business Ventures

Among the most prominent business endeavors in the 1970s was the attempt to establish a nationwide chain of grocery stores, which met with limited success.

In the early 1980s, Koperasi KSB managed to acquire a 135-acre plot of land in Cheras, Kuala Lumpur, intended for development as a park containing residential, commercial, and manufacturing buildings, known as Taman Shamelin Perkasa. The success in acquiring this land provided the opportunity to leap far into the mainstream of the country’s economic activities at that time.

Challenges and Failures

In the early stages, the Koperasi Shamelin Berhad (KSB) successfully ran the business of developing this property, but in the mid-1980s, it began to face problems, leading to the abandonment of the development project.

As a result, other businesses it ventured into also faced challenges and were on the verge of bankruptcy.

Membership Advantages

1. Annual Profit Sharing

Members of Koperasi Shamelin Berhad (KSB) enjoy the privilege of receiving annual profits in the form of dividends. These dividends serve as a tangible return on their investment in the cooperative.

2. Participation in Financial Management Packages

Members of the Koperasi Shamelin Berhad (KSB) have the opportunity to participate in the Family Financial Management Package in groups. This package aims to assist members in effectively managing their finances, ensuring stability and growth in their financial well-being.

3. Islamic Financing Facilities

KSB provides Islamic short and long-term financing and loan facilities to its members. These facilities adhere to Islamic principles, offering members access to ethical and Sharia-compliant financial solutions.

4. Welfare Funds

Members can benefit from various welfare funds established by KSB, including:

• Group Family Takaful Death Benefit Scheme Fund: Provides financial assistance to members’ families in the event of unfortunate circumstances, ensuring their well-being and security.
• Education and Welfare Fund: Supports members and their families in accessing educational opportunities and provides assistance during times of need, enhancing the overall welfare of cooperative members.

Fund Packages

Welfare Fund

The Welfare Fund of Koperasi Shamelin Berhad aims to provide support to members affected by disasters or chronic illnesses. It serves to alleviate the financial burden incurred during difficult times. However, it’s important to note that this fund is not compensation for loss of property or illness suffered. Instead, it operates as a charitable program initiated by the Cooperative to extend sincere contributions to its members.

Education Fund

The Education Fund established by Koperasi Shamelin Berhad serves to offer gifts and contributions to eligible members or their children. It particularly focuses on providing academic rewards and assistance to deserving individuals. The fund supports various educational milestones, including:

• Academic excellence awards in examinations such as PT3, SPM, SMA, STPM, STAM, Matriculation, and Foundation Program.

Death Benefit Fund (Tabung Khairat Kematian)

The Death Benefit Fund Scheme by Koperasi Shamelin Berhad (KSB) is designed to provide protection and financial assistance to members or their heirs in the unfortunate event of the member’s demise. This scheme ensures that members and their families receive support during challenging times, helping to ease the financial burden associated with the loss of a loved one.

Contact Koperasi Shamelin Berhad (KSB)

Koperasi Shamelin Berhad
Bangunan Shamelin, No. 38, 6-4, Jalan 4/91
Taman Shamelin Perkasa
56100 Kuala Lumpu

Tel: 03-9285 2155
Fax: 03-9285 5606