Ko-khawan (KKW) saving scheme
To clarify, this program is structured as a cooperative savings plan rather than a traditional investment product. Consequently, it falls under the regulatory purview of the Malaysia Co-operative Societies Commission (SKM), rather than Bank Negara Malaysia (BNM), the Securities Commission (SC), or PIDM.
Having enrolled in the monthly payout option last April, I can confirm that interest distributions have been consistently disbursed on schedule, including on weekends and public holidays. Over my 14-month tenure as a member, I have also engaged in several corporate initiatives, including an AI workshop, a reforestation project at Taman Tugu, and an industrial property seminar.
Furthermore, I attended the Annual General Meeting (AGM) on January 7, 2026. The cooperative’s financial statements received an unqualified audit opinion from A. Razak & Co., an established firm that also serves on the audit panels for Bank Negara and Tenaga Nasional Berhad. While ongoing monitoring is prudent, categorizing the entity as a scam solely based on its yield metrics—without conducting thorough prior due diligence—is premature."