Malaysiakini
NEWS

What is the National Trust Fund (Kwan)?

Published
Modified 27 Apr 2021, 3:45 am

KINIGUIDE | This instalment of KiniGuide looks at the National Trust Fund, which will be utilised for the Covid-19 vaccination programme.

What is Kwan?

The National Trust Fund Act 1988, or Kumpulan Wang Amanah Negara (Kwan), was passed by the Dewan Rakyat in 1987. The subsequent year saw Petroliam Nasional Bhd (Petronas), as required by law, contributing RM100 million as the fund's start-up capital.

How is it funded?

The law states that Petronas is to contribute to the fund, as are the states that derive any form of royalty from the exploitation of petroleum or other depleting resources.

Gains from the fund's investments are...

All Access Plan

RM12

per month
Unlimited access to our articles
Comment on all our stories
Gift articles to your friends
Subscribe Now
You can cancel anytime.
Secure and Encrypted
Student or Senior Citizen? Get a special rateGroup / Institutional / Corporate Plans
Already Subscribed?
Sign In