Eligibility

To be eligible as an Honorary Member, a cooperative, an individual or business entity must be :

HONORARY MEMBER

  • Citizen or Non-Citizen who is eligible to do business in Malaysia;
  • Contributes shares in the Cooperative Honorary Members’ fund for a minimum of RM50,000, with an aggregate amount of RM10,000 for each addition and withdrawal, for each honorary membership;
  • Produces a Letter of Undertaking to the Cooperative regarding the rights as an Honorary Member as well as the liability as an Honorary Member;
  • Has not been convicted for a registrable offence of which is still in force, or has been removed from the membership of any cooperative within one year;
  • Agrees with the Cooperative that the shareholding contribution should be placed in the Cooperative and shall remain at least for a period of 2 years from the admission date of their honorary membership.

EXISTING MEMBER

  • be a Malaysian;
  • be a Muslim;
  • attained the age of 18 years old;
  • not be mentally disabled;
  • not be an undischarged bankrupt;
  • not be a person whom conviction stands for a register-able offence; and
  • not been expelled from membership under this Act and a period of one (1) year has not elapsed from the date of such expulsion.