Majlis Amanah Rakyat (MARA; English: People's Trust Council) is a Malaysian government agency. It was formed to aid, train, and guide Bumiputra (Malays and other indigenous Malaysians) in the areas of business and industry. MARA was formed on 1 March 1966, under the Rural and National Development Ministry.[1]
Among other activities, MARA offers loans to Bumiputra entrepreneurs.[5] Such loans may be repaid either in the conventional Western manner or via Islamic banking, better known as the Sharia system. [6] MARA also offers business starter courses, vocational training, consultancy services, and marketing help for Bumiputra entrepreneurs.[7]
MARA lends Bumiputra entrepreneurs facilities, such as shop-lots or factories, at a subsidized rate. These facilities are often built in smaller towns or underdeveloped areas to encourage economic development.[8]
Until 2005, the MRSMs were only open to Bumiputra students. However, following the Barisan Nasional government's pledge during its campaign in the 2004 general election, a quota of 10% of all places in MRSMs was granted to non-Bumiputras.[10] In admissions, preference is given to students from low-income families, rural areas, and/or those living in squatter settlements in the cities.[11]
In addition to MRSMs and the UniKL, MARA operates vocational and professional colleges such as Pusat GIAT MARA, Institut Kemahiran MARA (IKM) and Kolej Kemahiran MARA. These vocational colleges provide a second higher education option to students who are unable to continue their studies in universities. Other colleges include Kolej Kemahiran Tinggi MARA, Institut Kemahiran MARA, Kolej Professional MARA, and Kolej MARA.[12]
Scholarships are offered to Bumiputra students to attend local and foreign institutions. Students are required to specialise in certain professions such as engineering, medicine, or accounting.[13]