Boustead Group's Finance & Investment Division is spearheaded by AFFIN Holdings Berhad, in which the Group currently owns a 21% stake. AFFIN Group is a major home-grown financial services conglomerate. The Group's primary activities focus on the provision of commercial, islamic and investment banking services, money broking, fund management, underwriting of general and life insurance business.

AFFIN Group of Companies comprise AFFIN Bank Berhad, AFFIN Islamic Bank Berhad, AFFIN Investment Bank Berhad, AFFIN Fund Management Berhad, AFFIN Moneybrokers Sdn Bhd, AFFIN Insurance Brokers Sdn Bhd, AXA AFFIN Life Insurance Berhad and AXA AFFIN General Insurance Berhad.


AFFIN Bank Berhad (AFFINBANK) is a wholly-owned subsidiary of Affin Holdings Berhad which is listed on the Bursa Malaysia.

It commenced operations in January 2001 following a merger between the former Perwira Affin Bank Berhad and BSN Commercial (M) Berhad in August 2000. In June 2005, it merged with the former Affin-ACF Finance Berhad. To date, it has a network of more than 100 branches nationwide in Malaysia.

AFFINBANK provides a suite of financial products and services that is catered to both retail and corporate customers. The target business segments are categorized under the portfolio of customers under key business units such as Business Banking, Consumer Banking and Treasury. Business Banking offers services in corporate banking, contract financing and trade finance to corporations, institutional clients and SMEs. Consumer Banking provides credit cards, personal loans, mortgages, savings/current and deposit taking services as well as hire purchase loans to individuals.

Our tagline of “Banking Without Barriers” signifies the removal of boundaries within the processes of the Bank as well as in its attitude in servicing its customers. The latter means reaching out to the customers, improving relationships with them, making each one of them feel privileged and enhancing services to them. Simply put, AFFINBANK is embracing a new approach to banking and changing the face of conventional banking.

AFFINBANK's Islamic banking subsidiary Affin Islamic Bank Berhad (AFFIN ISLAMIC) commenced operations on 1st April 2006. As a full-fledged Islamic bank, AFFIN ISLAMIC has 8 branches on its own and offers a complete range of Islamic Banking products and services encompassing the areas of Business and Consumer Banking in compliance with Shariah principles and laws.


AFFIN Islamic Bank Berhad (AFFIN ISLAMIC) began its business in 1993 as the Islamic banking arm of Affin Bank Berhad (AFFINBANK). In 2005, the Islamic Banking Division of AFFINBANK was incorporated as a separate entity and AFFIN ISLAMIC started operating as a standalone Islamic bank effective 1 April 2006. With an authorised and paid up capital of RM1 billion and RM160 million respectively, AFFIN ISLAMIC is a wholly-owned subsidiary of AFFINBANK.

In line with Malaysia’s Financial Sector Masterplan that aspires to transform the country into a global hub for Islamic Financial Services, AFFIN ISLAMIC continuously conducts research and development into new financial products and services that are capable of competing in the global financial arena.

In April 2008, AFFIN ISLAMIC became the first domestic Islamic bank in Malaysia to enter into a Musharakah agreement with a notable developer in Pulau Pinang. In May 2008, AFFIN ISLAMIC successfully launched its Islamic debit MasterCard, the first in the Asia Pacific region.

As a pioneer in Islamic banking for both traditional Islamic consumer and business financing products, AFFIN ISLAMIC also offers a wide array of consumer products and services to cater for the different needs of individual clients. AFFIN ISLAMIC’s Business Banking meanwhile offers Shariah compliant business products and services from short to long term financing requirements including syndicated financing, project financing, trade finance and treasury products to all business enterprises ranging from small businesses to large corporation. Customers of AFFIN ISLAMIC include government bodies, corporations, financial institutions and both local and international investors.

Going forward, AFFIN Islamic will also move into distinct Islamic banking areas with innovative wealth and asset management products to create a more diverse Islamic asset portfolio.

AFFIN Investment Bank Berhad has a pedigree spanning more than three decades. Incorporated in 1970, it was a pioneer in Malaysia's merchant banking business. It provides full fledged investment banking services offering comprehensive financial solutions ranging from Corporate Advisory, Debt and Equity Capital Markets, Treasury & Investments Products, Stockbroking as well as Asset and Fund Management.

AFFIN Fund Management Berhad (formerly known as AFFIN Fund Management Sdn Bhd) is a wholly-owned subsidiary of AFFIN Investment Bank Berhad. It manages investment management portfolios for a variety of clients ranging from government institutions, IRB's Approved Pension Funds, Semi-Government Agencies, State Government Agencies, private corporations, unit trust schemes and high net worth individuals. AFFIN Fund Management Berhad also manages AFFIN Equity Fund (AEF), Dana Islamiah AFFIN (DIA) an Islamic balanced fund and a bond fund called AFFIN Capital Fund (ACF).

AFFIN Moneybrokers Sdn Bhd operates money broking business in the country under the supervision of Bank Negara Malaysia. Its principal activity is to act as intermediaries or arrangers of deals between authorised financial institutions in foreign exchange and domestic money market.

Incorporated in February 2006, AXA AFFIN Life Insurance Berhad (AXA AFFIN) is a joint venture company between AXA Asia Pacific Holdings Ltd and AFFIN Holdings Berhad. AXA AFFIN is part of the global AXA Group that has business presence in Europe, North America, Africa and Asia Pacific, with more than 110,000 employees worldwide. Leveraging on the AXA Group strength as a financial protection and wealth management expert, AXA AFFIN is focused on helping individuals manage risk and achieve their financial goals.

Other companies in the Finance & Investment Division are Boustead Credit Sdn Bhd, The University of Nottingham in Malaysia Sdn Bhd, Boustead Travel Services Sdn Bhd, Boustead Shipping Agencies Sdn Bhd, Kao (Malaysia) Sdn Bhd, Cadbury Confectionery Malaysia Sdn Bhd, Drew Ameroid (Malaysia) Sdn Bhd and Asia Smart Cards Centre (M) Sdn Bhd.

Boustead Credit Sdn Bhd is a credit company offering hire purchase and leasing facilities. Its main business activities are in hire purchase financing of motor vehicles; leasing of equipment and financing of consumer durables. The company operates on 4 locations namely in Brickfields - Kuala Lumpur, Selayang - Selangor, Skudai - Johor Bahru and Perai - Butterworth.

The University of Nottingham Malaysia Campus (UNMC), a branch campus of the University of Nottingham UK, was founded in 2000 and is the first full international campus of any UK university. It occupies a 125-acre purpose-built site south of Kuala Lumpur. UNMC is currently home to almost 5000 students who receive an identical education and degree certificate to their fellow students in the UK and China.

UNMC is led by a diverse body of local and international academic staff, many of whom are seconded from the UK Campus. Students benefit from small class sizes and all students are assigned a personal tutor. Many students have the opportunity to study abroad at a Nottingham campus in the UK or China or with one of our global exchange partners

Employers recognise Nottingham graduates as talented and highly-qualified. The University has a strong alumni network and industry partners offering internships, careers guidance and diverse employment opportunities.

UNMC was rated ‘excellent’ in ‘Setara’ - the Rating System for Malaysian Higher Education, in 2009 and 2011. UNMC was granted ‘Self-Accrediting Status’ by the Malaysian Ministry of Higher Education in 2010. Self-accreditation is only awarded to mature institutions with a well-established reputation for delivering the very best degree programmes.

Boustead Travel Services Sdn Bhd (BTS)
Founded in the 1940s, Boustead Travel Services (BTS) is a reputable Travel Management Company (TMC) which received its IATA accreditation in 1948. Headquartered in the heart of Kuala Lumpur, Malaysia, BTS has branches in Shah Alam and Petaling Jaya. The company has been dedicated in offering service efficiency for the past 65 years. To date, over 400 corporate clients comprising multinationals, SMI companies and an assortment of business associates across the nation are using its travel management services. From a humble beginning, BTS has now established itself as a leading provider of corporate travel management services in Malaysia.

Boustead Travel

Although its primary business is in corporate ticketing, the company also offers an extensive range of travel and tour related products and services such as hotel accommodations, transportation and tour packages. There is also a dedicated team to organise meetings, incentives, conventions and exhibitions (MICE). BTS was the first appointed General Sales Agent for RailEurope in Malaysia more than 25 years ago, making it the preferred RailEurope ticketing agent by consumers and agencies alike. In addition, BTS has also earned numerous accolades from major airlines and business partners.

Boustead Travel
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In order to cope with the changing market conditions and demands, the company constantly strives to provide superior products and services. Providing valuable consultation is its priority to ensure that travellers are thoroughly educated on the product and well equipped to complete their journey. The company's presence on the World Wide Web further expands its distribution channels, making it accessible to virtually everyone, everywhere.

Despite the increasing challenges faced in the travel & tourism industry, Boustead Travel Services and its 80 strong and experienced personnel has managed to uphold its unwavering performance and will continue to do so for years to come.

Boustead Shipping Agencies Sdn Bhd started its shipping activities in 1833 and today it offers a fully integrated shipping service encompassing liner agencies, warehousing, sea and air freight forwarding, customs forwarding, NVOCC and marine survey.

The company has a network of 13 offices in Malaysia, Brunei and Singapore and is manned by over 150 experienced and qualified staff. It has an extensive overseas network of associated agents in all the five continents and is a member of the GTO Global Transport, USA and China Global Logistic Network (CGLN). It is also the General Agents for Jebsens International, Odfjell Tankers, QC Maritime Ltd, Petredec Services Asia Pte Ltd and Brostrom Tankers (S) Pte Ltd.

Boustead Shipping acquired Cargo Freight Shipping Sdn Bhd in 1999. It provides agency work for Appenship of Hamburg and Pakistan National Shipping Corporation. It is also a freight brokerage (NVOCC) agent for Seaworld Express Lines, U.K.

In 2010, Boustead Shipping was awarded ISO 9001:2008 certificate by the international certification body Lloyd’s Register Quality Assurance for its quality management system applicable to the provision of shipping agency services and sea and air freight forwarding services.

Kao (Malaysia) Sdn Bhd is a joint venture with Kao Corporation of Japan markets a wide range of well known toiletries and household consumer products.

Cadbury Confectionery Malaysia Sdn Bhd produces leading brands of chocolate and sugar confectionery for the Malaysian market.

Drew Ameroid (M) Sdn Bhd is another successful joint venture business set up for the distribution of industrial water treatment chemicals and systems.

Asia Smart Cards Centre (M) Sdn Bhd is an associate in the Group. The company is a Proton World International (PWI), Visa International (Visa) and MasterCard International (MasterCard) certified personalisation centre for ICC smart cards. The company provides high security personalisation facilities for the personalisation of ICC smart cards encompassing IC chip, magnetic stripe encoding, embossing, indent and laser printing for financial card issuers in Malaysia.