Name of Institution

Perbadanan Insurans Deposit Malaysia (PIDM)

Country

Malaysia (MAL)

Institution at a Glance:

Malaysia Deposit Insurance Corporation (MDIC) is a statutory body established in 2005 under the Malaysia Deposit Insurance Act (MDIC Act) to protect certain financial consumers. MDIC reports to Parliament through the Minister of Finance and is governed by nine-member Board of Directors. As an integral financial safety net system. MDIC administers the Deposit Insurance System (DIS) and the Takaful and Insurance Benefits Protection System (TIPS). MDIC insures depositors and protects takaful certificate and insurance policy owners in the event of a member institution failure up to the limits as set out in the MDIC Act.

Vision

To be a best practice financial consumer protection and resolution authority

Mission

We strive to promote and contribute to public confidence in the stability of the nation's financial system by:

• to protect islamic and conventional deposits;
• protecting takaful and insurance benefits; and
• fulfilling our financial consumer protection mandate in an effective and efficient manner, having regard to the interests of our key stakeholders and our employees

Member Since: 2016

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Key Officer

Rafiz Azuan Abdullah, Acting Chief Executive Officer

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Contact Us

Malaysia Deposit Insurance Corporation (MDIC)
Level 12, Axiata Tower (formerly known as Quill 7)
No. 9 Jalan Stesen Sentral 5,
Kuala Lumpur Sentral
50470 Kuala Lumpur, Malaysia
Telephone +603 2173 7436/2265 6565
Website: http://www.pidm.gov.my